Eurozone unemployment hits new record high

Unemployment across the 17-nation eurozone hit a record 18 million in July, the EU statistics agency says. via BBC News – Eurozone unemployment at new high.

88,000 people lost their jobs last month. The unemployment rate across the troubled Eurozone stand now at 11.3%. The number now unemployed is the highest recorded since records began back in the nineties.

The Irish government

In more awful figures for our self-exiled government to ponder over whenever they decide to return is the revelation that 165 companies went bust this month in Ireland.

It’s been an awful week for the coalition partners with the loss of 400 jobs at Target, another assault on the elderly and disabled and nobody seemingly around to lend a comment or two into why there appears to be no-one steering the ship.

‘That’s because we’re already on the rocks,’ said George Oilwell.

‘Sunk more like it,’ said Larry Bird.

Filed under: The Irish Daily Bull, coalition partners, eurozone, George Oilwell, irish government, larry bird, statistics agency, The Irish Bull, Unemployment, unemployment rate

IMF to continue driving Ireland into the ground

After three-successive months of rises in the unemployment figure, one member of the Troika have released its latest brain wave.

Dilemma time

Social welfare benefits are too high in Ireland and need to be revised to encourage people back to work, the International Monetary Fund (IMF) has said. via Dole payments too high, says IMF – Yahoo! News UK.

‘Clowns!’ said Faye Ecoruin. ‘Where are the jobs?’

The latest outburst from the IMF will further incense anti-austerity groups with the gap between rich and poor in Ireland widening despite the cull to services and the economy.  

Energy and transport costs remain at Celtic Tiger levels which further erodes the notion the IMF are here to help and the expected cuts will only serve to drive more into poverty.

200,000 children in Ireland are currently regarded as living in poverty.  IMF chief Christine Legarde doesn’t pay tax on her earnings and is currently under investigation in France stemming from her time as the French finance minister under austerity cheerleader, Nicholas Sarkozy.

Famed for stripping nations of their assets, the IMF have ordered the Irish government to start that stripping process next year.  The government have confirmed sales will proceed.

‘Daylight robbery,’ said George Oilwell.

 

 

Filed under: The Irish Daily Bull, dole, Faye Ecoruin., George Oilwell, IMF, social welfare, The Irish Bull, Unemployment

Government plan gives little hope to unemployed – Sinn Fein ask: What stimulus?

The Government hopes to create 13,000 jobs through a new stimulus plan announced on today. via 13,000 jobs hope in stimulus plan – National News, Breaking News – Independent.ie.

Roads and schools were the big winners, with projects announced both east and west. DIT are to get a new campus in Grangegorman and there are to be 20 new primary healthcare centers built nationwide. Courthouses are to get some refurbishment – just in time for the long-awaited raft of criminal prosecutions in white-collar and corruption trials.

Public-private partnerships will provide most of the money with the rest coming from the sale of state assets.

Are you in the hat?

‘13,000?’ said a disappointed Larry Bird. ‘That’s not going to provide much hope for the other 435,000 that are on the live register.’

‘Seems a small amount of jobs for that type of money,’ said Faye Ecoruin. ‘If that’s the cost of creating jobs, then it’s not a winter of discontent we are in. It’s a century of it.’

The announcement will deflect from three successive months of rises in the unemployment figure.

Richard Bruton has been creating jobs within his department but as the figures suggest, government policy is accounting for them – and negatively – just as fast. However, the announcement has been seen by some as a failure – with many of the jobs announced not being realised for a number of years. Some have said it is a deflection from the sale of the family jewels as Ireland prepares to privatize state assets next year – with some of the proceeds being used in this stimulus.

‘That’s what the IMF do,’ said George Oilwell. ‘They secure assets on the cheap. They do it right across the world.’

Peadar Toibín and Pearse Doherty from Sinn Féin questioned whether it is a stimulus at all, considering that Capital expenditure is being cut by over €3.5 billion over three years.

It would appear the Sinn Féin duo are correct in their questioning.

Filed under: The Irish Daily Bull, fine gael, IMF, Ireland, Irish Politics, jobless in ireland, jobs in ireland, Labour, larry bird, stimulus plan, The Irish Bull, Unemployment

Unemployment rate up for third month in a row

Still losing jobs

The unemployment rate has risen for the third month in a row, official figures have revealed. The total number of people signing on in June reached 440,600 – a hike of 2,700 from the previous month. via Jobless rate rises for third month – National News, Breaking News – Independent.ie.

‘Those efforts to create employment have failed,’ said Larry Bird. ‘The government need to think stimulus. Problem is there’s no money.’

Unemployment in the Eurozone also reached a record high earlier this week with 25 million people without work. The figures are expected to rise further.

Filed under: The Irish Daily Bull, fine gael, jobs in ireland, Labour, richard bruton, The Irish Bull, Unemployment

Eurozone unemployments hits record high – Debt solution in jeopardy.

Record unemployment

Employment in the Eurozone has reached record levels according to new figures released by Eurostat. The rate now stands at 11.1%.

Ireland’s rate remains 3.5% higher than the average – the fifth worst in the Eurozone. Over 2 million people have been made unemployed in just 14 months and with the Eurozone hop-scotching from one calamity to the next, the figure is set to climb further.

In separate news for Euro fans, last week’s announcement of a deal for bailout countries appears to be in jeopardy with Finnish and Dutch governments throwing cold water on plans to buy bonds on secondary markets with bailout funds in efforts to aid Spain and Italy who have been subject to market chaos in recent weeks.

‘The Devil’s in the detail,’ said Faye Ecoruin. ‘Luckily there’s a lack of detail.’

The Euro is expected to plod along for speculative purposes before eventual collapse according to George Oilwell.

‘You’ve been warned,’ he said.

 

Filed under: The Irish Daily Bull, debt crisis, Europe, eurozone, finland, holland, Ireland, Italy, spain, The Irish Bull, Unemployment

‘Stiff loss.’ – Oilwell on Pfizer job losses.

Quiet week

Following last week’s vote-grabbing announcement that online retail colossus, Amazon, was creating a mammoth 100 new jobs in Ireland, one of the countries leading pharmaceutical companies have announced a reduction to their Irish workforce. 177 natives will lose their jobs.

‘100 here. 177 there. Why it even gets inches in newspapers is beyond me? There’s nearly half-a-million unemployed for **** sake,’ said Jeff Twenty, in his last remark on the Irish Bull. ‘Who’s coming here with a 100,ooo jobs? I’ll tell you who. NO-ONE!!!’

Jeff’s off to Germany to look for work and pursue his accountancy dreams.

‘It’s a stiff loss all the same,’ said George Oilwell. ‘That company saw me right.’

Pfizer is the company famous for bringing Viagra to the masses – propelling dysfunctional males back to a more active lifestyle.

Larry Bird is currently following up on a lead concerning another Munster-based pharmaceutical company that is also be in trouble.  More details as they arrive.

Filed under: The Irish Daily Bull, George Oilwell, Jeff Twenty, jobs in ireland, larry bird, recession in ireland, The Irish Bull, Unemployment

IMF delirious

Driven Away

The seasonally adjusted Live Register total now stands at 438,300, a fall of 1,800  compared to January. via Live Register numbers decline – The Irish Times – Wed, Feb 29, 2012.

We asked our jobless, jobs expert, David Dole what was the reason for the decline in numbers.

“Emigration,’ he said.

We’ve touched base with Joan Burton for a reaction, but we won’t hold our breath as she battles to hold her party together after there recent slump in the polls.

The news is sure to prove satisfactory to Ireland’s current occupiers, The IMF.

”My boy Larry had to go. He’s 19. Loves his country. God knows when I’ll see him again,’ said single mum of one, Babs from Granard, before her voice gave way to heartbreak.

Image

Filed under: The Irish Daily Bull, David Dole, emigration, Unemployment