Unemployment figures confirm downward economic trend.

7 Sep 2001

Today's increase of 2,338 people on the Live Register confirms that unemployment is on the increase, and has been met with concern by the Irish National Organisation of the Unemployed.

Tony Monks, INOU General Secretary said " These figures point out quite starkly that unemployment is on the rise and impacting on people and communities across the country. They reinforce the need for the Government to redouble its efforts to attract new industry and to stimulate the growth of the indigenous sector."

The unemployment figures, when coupled with estimates that the Budget surplus could be as much as £1.5 billion less than originally forecast, indicate that the Irish economy is on a downward slope from the rapid expansion experienced in recent years. Despite this the INOU believe that there are sufficient resources availble to government to deliver a Budget which significantly impacts on poverty.

Commenting further, Tony Monks said " Today's figures underline the need for continuing investment in training, education and work experience programmes for the unemployed.

While the economy is slowing significantly, we believe that the Government has sufficient resources available to it to deliver significant increases in a range of welfare payments and to remove the low paid from the tax net."


ENDS
For further information contact:
Tony Monks, General Secretary
01 856 0088 / 087 249 6066