Youth unemployment still a big problem at 12.5%Posted on December 11, 2019 by Gerald Flynn
Unemployment has continued its steady decline to 117,000 and it set to dip below 100,000 in 2020. But jobs for those under 25 are still scarce with school-leavers and recent college graduates experiencing 12.5% joblessness.
About 45,000 new jobs were created in the past year with 2.33m people now at work on the back of high economic growth over the past five years. In 2012 overall unemployment was over 16% and is now at 4.8% – the lowest level since 2007.
Even with an additional 37,000 coming to live in Ireland over the past year, the labour market is tightening. One area of potential additional employees is among women whose participation rate remains below that of the economic asset bubble years. This is party due to scarce and expensive childcare costs in Ireland and a lack of state childcare supports common in many western European states.