Celtic Tiger Dept: The rising joblessness could have been worse but for Ireland's tradition of mass emigration in times of economic hardship, according to CBC. Irish unemployment rose from 14.7 per cent in May. It last reached 15 per cent in March 1994, the year that Ireland began its first extended economic boom, becoming known as the Celtic Tiger and ireland's unemployment rate rose to an 18-year high of 14.9 per cent in June, underscoring the country's struggle to stimulate economic growth in the face of austerity measures, government statisticians reported Wednesday. The Central Statistics Office says about 76,000 left this country of 4.5 million last year for stronger job markets in other English-speaking countries chiefly Britain, Australia and Canada and the trend has continued this year. ECONOMY Unemployment rates in Europe reach record high
(www.immigrantscanada.com). As
reported in the news.
@t Ireland, Celtic Tiger
5.7.12