The Celtic Tiger on
the prowl
Following on news that
Ireland's population
has reached its highest
level since the sad
aftermath of the Great
Famine, when hundreds
of thousands emigrated
in search of work, and
the population continued
to dwindle even into
the 1980s, it is heartening
to note that the Twenty-six
county Republic now
has the second lowest
unemployment rate in
Europe, and also in
the world at large.
Eurostat, the statistics
keeper for the European
Union, reported in October
that the unemployment
rate in the Republic
in August was 4.4 per
cent, this compared
to 7.2 per cent in Canada,
5.4 per cent in the
United States, and 4.8
per cent in Japan. Only
tiny Luxembourg had
a lower rate with 4.3
per cent.
Even more encouraging
was the fact that youth
unemployment in the
Republic for people
under 25 was 7.9 per
cent, compared with
11.1 per cent in the
United States, and 13.7
per cent in Canada.
The outlook for the coming
year, 2005, holds promise
of greater reductions,
thanks to the revival
of the Celtic Tiger,
the name given to the
Irish economy when it
showed extraordinary
growth during the late
1990s. The Tiger is
again on the prowl,
slashing unemployment
as it goes. Unfortunately,
it has yet to make its
presence felt in traditionally
deprived areas such
as Donegal and other
counties where job losses
continue to grow.
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