Tags: EU | Ireland | Economy

Irish Employment Tops 2 Million for 1st Time since Crash

Tuesday, 21 February 2017 10:42 AM

DUBLIN (AP) — Statisticians say the number of people in Ireland with a full-time job has topped 2 million for the first time since the country's property-driven economy suffered a calamitous crash in 2008.

Tuesday's figures from the Central Statistics Office say unemployment has fallen to 6.8 percent, an 8 ½-year low, while the number of people with full-time employment has climbed 3.3 percent to 2.05 million, approaching the peak levels of Ireland's lost Celtic Tiger boom.

Ireland faced financial ruin in 2010 as the costs of sustaining taxpayer-insured banks overwhelmed national finances and destroyed the country's ability to fund its own debts. Ireland's unemployment rate rose above 15 percent in 2012 amid surging emigration, but the country has returned to Europe-leading growth rates since ending reliance on international bailout loans in 2013.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
Statisticians say the number of people in Ireland with a full-time job has topped 2 million for the first time since the country's property-driven economy suffered a calamitous crash in 2008.Tuesday's figures from the Central Statistics Office say unemployment has fallen to...
EU,Ireland,Economy
132
2017-42-21
Tuesday, 21 February 2017 10:42 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved