DUBLIN, May 8 — Ireland’s unemployment rate shot up to 28.2 per cent at the end of April including those receiving emergency jobless benefits due to the coronavirus pandemic, the highest rate on record and up from just 4.8 per cent two months ago, the statistics office said today. Ireland...
General view of a largely deserted street in Dublin amid the spread of the coronavirus, in Dublin, Ireland, March 31, 2020. — Reuters pic
The new Covid-19 Adjusted Unemployment rate rose sharply from 15.5 per cent in March after the number of people claiming the higher emergency payment more than doubled to 602,107, on top of a seasonally adjusted 216,900 on regular jobless benefits. The number of subsidy recipients has nearly doubled since the middle of April as the government encourages struggling firms to sign staff up and even rehire some workers, leading to a tapering off in additions to the emergency jobless payment.
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