GO
Loading...

Enter multiple symbols separated by commas

Unemployment in Ireland Rises Slightly to 4.3%

Unemployment in Ireland rose slightly last month to 4.3%, according to government statistics released Friday.

Unemployment in Ireland, an economically thriving country of 4.2 million, has remained within a range of 4.2% to 4.5% since 2003 -- even though the country has absorbed more than 300,000 immigrants, chiefly from Eastern Europe, during the period.

No reason was given for the rise in unemployment from January's rate of 4.2%.

A more detailed Feb. 22 report on Ireland's employment market found that the number of jobs rose by 4.3% over the past year to more than 2.06 million. Jobs in construction and health services recorded the strongest gains.

About 52% of the extra 85,500 jobs were taken by immigrants. However, the Feb. 22 report found that immigrants also were accounting for an increasing share of those claiming state welfare, with an extra 2,500 signing up for unemployment support.

Ireland, Britain and Sweden were the only three European Union members to keep their employment markets fully open to EU members when the bloc expanded in 2004 and admitted Eastern European members. However Ireland, like Britain, has restricted jobseekers from the newest EU states, Bulgaria and Romania.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.