Ireland - A quarter of young people out of work - by Ann Cahill
A quarter of the young people in Ireland are out of work as unemployment continues to rise faster here than in most other EU countries, according to the latest figures.The number of people under 24 years of age not able to find a job has increased four times faster in Ireland than the EU average over the past year. Ireland has the fourth highest number of young people unemployed, at 25.5%, more than double the percentage of a year ago. Just Spain, Hungary and Sweden are higher. The Labour party’s youth wing called for new measures to tackle youth unemployment, including temporary nationalization of the banks to get credit flowing again; tax breaks for employers who take on additional workers from the live register; a work experience scheme for graduates and apprentices and retraining for those who have lost their jobs. The quarterly EU labour market review shows that the drop in joblessness from 9% to 6.7% achieved over three years from 2005 has been wiped out in just 14 months. Spain has the highest rate at 18.7% while the Netherlands has the lowest at 3.2%. It has increased only slightly over the past 12 months.
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