Wednesday, February 4, 2009

Unemployment rate hits 9.2%

Every job lost in the Irish economy is now costing the Government €20,000 a year in social welfare payments and unpaid tax revenue, it was claimed today.

The number of people claiming jobless benefits surged to 327,861 last month – a shocking 9.2% unemployment rate, new figures reveal.

Labour leader Eamon Gilmore said the extra 36,500 people who joined the Live Register in January will take €730m euro out of Exchequer funds over the course of 2008.

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