The monthly unemployment figures released by the CSO today (29th November), show that unemployment figures have dropped. This is good news for Irish workers, but highlights the need for the Government to provide an environment where more jobs can be created.
The CSO figures confirm that 160,700 people are still signing on and the standardised unemployment rate is at 7.3% for November. Youth unemployment is at 15.5%.
ISME, CEO, Neil McDonnell said “State controlled living costs are having an impact on job creation. Government policies strongly influence almost 48% of the costs in the CPI. They must act now to reduce these costs, in health, education, housing, rent, insurance and travel”.
The 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.
“If Government controlled costs are reduced workers would have more money in their pockets. This would reduce the calls for pay increases, and would allow employers take on more staff.” concluded McDonnell.