AP - Irish Unemployment @ 4year high

[Blue_Horseshoe]

DUBLIN, Ireland: Ireland’s unemployment rate rose last month to 4.8 percent, a four-year high that is fueling unusual levels of public pessimism in one of Europe’s strongest economies, two reports found Tuesday.

iht.com/articles/ap/2007/11/ … oyment.php

So, Mr Hughes in IIB wanted a reason for consumer confidence falling, wonder how he missed that.

Another report published Tuesday documented how Ireland’s current reversal in property prices — following a decade of phenomenal rises and mushrooming household debt — is undermining confidence in the future.

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