Unemployment Hitting New Highs
4 Jul 2012
According to today's Live Register figures released by the Central Statistics Office for June 2012, the unemployment rate now stands at 14.9% The last time the unemployment rate was 15% was early 1994.
An even starker figure in today's release is the number of people on the register for more than a year. That figure now stands at an all time high of 199,249 people. "This is an extraordinary figure," said John Stewart, Coordinator with the INOU. "It clearly indicates the scale of the unemployment crisis facing this country and that the Government's responses to date are failing to work," he continued.
Ireland's unemployment crisis demands a level of intervention that a relentless focus on austerity evidently lacks the capacity to address. Interventions on a much larger scale than have taken place to date are required. Such interventions should be viewed as an investment in Ireland's social and economic maintenance and development.
"We need to get people back to work as soon as possible," said Bríd O'Brien, Head of Policy and Media with the INOU. "But in order to get them back to work we need to invest in job creation right across the entire economy," she continued. To that end the public and the community and voluntary sectors have key roles to play in developing the solutions to Ireland's unemployment crisis.
INOU Press Release: PDF format