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At the second quarter of 2012 unemployment in Ireland stood 14.9%.The reason Ireland's unemployment figure is so high was down to the complete collapse of the construction sector at the beginning of 2008.Prior to this construction related activity accounted for 25% of economic activity in Ireland,the sub-prime crisis in America was held up by political figures as the reason construction slumped the way it did,however it does not easily explain how the property bubble emerged in the first place.The frenzy that accompanied generous tax breaks in 2002 fueled our property bubble a huge influx of skilled tradesmen from eastern Europe helped Ireland build an average of 800000 housing units per an-um between 2002 to 2006,to put this in context England with ten times the population produced 400000 housing units per an um approx.Anyone who owned a property at this time had little difficulty in securing a second mortgage for investment purpose's net effect was when supply totally out striped demand building stoped,and a huge volume of tradesmen and related skills were made unemployed and for the foreseeable future unemployable.Ireland got itself into an unholy mess it could and should have been avoided if the best payed in its society did their job.
What else can I help you with?
How much do you get for unemployment benefits in Ireland?
There are various types and rates in Ireland. See the link below for more details.
Which was the decade of high inflation and high unemployment?
Which was the decade of high inflation and high unemployment
What is the current unemployment rate in Ireland?
Unemployment in Ireland is measured by the Quarterly National Household Survey. As of the first Quarter of 2010 the unemployment rate is 12.9% (The link below should keep linking to the most up to date QNHS)
What is the employment rate in Ireland?
The employment rate in Ireland is currently 60%. The unemployment rate in Ireland is 11.80% as of April 2014.
Can you give me a sentence that has the word unemployment?
Unemployment is high.
Are there jobs available in Ireland?
Unemployment is very high in Ireland, though things are improving as the recession eases. It is difficult to find work unless you have a very specialised skill which is in demand. So there are jobs there, but there are a lot of people looking for them, and others are not qualified to do them.
Why is high unemployment a macroeconomic issue?
High unemployment is a macroeconomic issue as it deals with economy and population at large.
What does the Phillip's Curve illustrate?
A graph that shows that there is a relation between unemployment and inflation: One can either have a high inflation and low unemployment or low inflation with high unemployment.
What has Ireland done to improve unemployment?
not too much,the recession is still not over in Ireland,more job losses than job created,but since some of the EU countries are out of recession now,which has a positive affect,the unemployment rate dropped lesser than 1 years ago in Ireland.
Which type of unemployment is there more of in India?
Educated unemployment is mostly found in INDIA. This unemployment is because of high population rate.
What has the author Leo Howe written?
Leo Howe has written: 'Being unemployed in Northern Ireland' -- subject(s): Insurance, Unemployment, Unemployed, Unemployment Insurance
What is the likely result of deflation a. economic growth b. high unemployment c. rising prices d. high tax rates?
b. high unemployment
