ISME, the Irish Small and Medium Enterprises Association today (1st August), noted the increase in the unemployment rate. The Association highlights the need for a budget that is pro-enterprise and pro-employment.
The CSO figures confirm the standardised unemployment rate is at 6.4% up from 6.3% from last month’s figures, with 141,100 people signing on the dole. Youth unemployment is now at 12.3%, up 0.3% from June’s figures.
Commenting on todays’ figures ISME CEO, Neil McDonnell said“Today’s results serve as reminder to Government that job creation is not a given. The increase in youth unemployment and the monthly increase in the unemployment figures are concerning”
Association called on Government to:
Reduce government influenced business costs to below the EU average.
Target capital investment in job rich infrastructure.
Outsource more state sector services to SMEs.
Reform the social welfare system to make it more profitable to work, and avoid poverty traps.
“Budget 2018 must be anti-cost, pro-employment, pro-business, and pro-SME. Government must grasp the linkage between business costs and jobs. Excessive business costs hamper potential employment”