Thursday, August 5, 2010

Unemployment takes another jump

Bad bad news today - unemployment in Ireland took another jump. Another 8,500 signed on to the live register (including yours truly) last month. Whats even more shocking is that the biggest group to sign on is the "professional class".

This government really needs to get there act together. Unemployment is more than a mere symptom of economic woes. Unemployment causes stress, depression and breaks up families. It has huge social effects - especially when it goes above the 10% mark (we are now at 13.7%).

I also noted yesterday that the Irish Times carried an article to highlight a campaign by the Union of Students in Ireland (USI) about educated Irish people emigrating to Canada, Oz and New Zealand. An estimated 200,000 educated Irish people are expected to leave in the next five years. Without these people there is not much hope of attaining and keeping "high-value" jobs.

Come on Mr. Cowen get your act together or get out!

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