Irish Unemployment Reaches 13.7 Percent, 16-Year High
August 6th, 2010Via: Bloomberg:
Ireland’s unemployment rate has reached a 16-year high of 13.7 percent as idle university students and laid-off professionals joined the welfare lines, the Central Statistics Office reported Thursday.
Economists said July’s rise from the previous monthly rate of 13.4 percent was sharper than expected. The government said it reflected, in part, a surge of welfare claims from university students who have failed to find summer jobs.
