The shocking truth – 123,000 unemployed

Considering that the so-called “green shots of recovery” have failed to appear in the economy and with major questions marks over the European and world economy, the decision of the Assembly to make £4billion cuts is economic madness. Even before the Assembly Executive begins to carry out these cuts, the scale of actual unemployment is truly shocking. The number of unemployed persons in December 2010 was 68,000 (8%), up 18,000 over the year. Nearly 50% have been unemployed for a year or more. The unemployment rate for 18-24 year olds is at 22.5% – up 10.5% over the past year.

The Northern Ireland economic inactivity rate for those aged 16-64 stands at 28.4% (This is significantly higher than the UK average of 23.4%). These figures for the economically inactive do show that 10% of the total (55,000) want employment but do not satisfy the job seekers criteria because they have other commitments, for example out of the total of 558,000, 27% are students and 24% are homemakers.

When the numbers for economically inactive people who want to return to work are viewed in tandem with unemployment figures, this brings the total unemployment figure in Northern Ireland up to 123,000 which as a percentage of the total workforce is a hefty 19%!

It is altogether more astounding as we are just at the beginning of the £4billion cuts which will bring about even more job losses. An estimated 30,000 to 40,000 job losses are expected as a result of the cuts.

This stark reality needs to be brought to the doorstep of Stormont. Instead of making huge cuts to services and paying international banks billions every year, this money should be used to launch a major public works programme to create jobs and get people off the dole. The capitalist market system has failed to create jobs. We need to fight for socialist policies to put the needs of people first, not the profits of the fat cats.

Previous Article

Pottinger Rate Rise Councillors Named and Shamed

Next Article

Will cut in corporation tax deliver jobs?

Related Posts

Justice for the sacked NCP workers

CHRIS O’KANE, one of the leading organisers of the sacked traffic wardens who are fighting to be re-instated spoke to The Socialist about their struggle.

“In April, 26 of us took part on a half day stoppage after our employer, National Car Parks, refused to deal with a mountain of grievances we had raised over months.

The Permanent Revolution today

We publish below a new introduction by Peter Taaffe to Leon Trotsky’s ‘Permanent Revolution’, which the comrades of Socialist Movement Pakistan (CWI) are to translate into Urdu and publish.

Introduction to new Urdu edition of ‘Permanent Revolution’ by Leon Trotsky

What relevance does Trotsky’s Theory of the Permanent Revolution have to the problems of the workers’ cause or the peasants’ (small farmers) movement today? After all, it was formulated more than 100 years ago during the first Russian revolution of 1905-07. The same kind of question could be posed – and it is – regarding the ideas of Marx and Engels, Lenin and Rosa Luxemburg. But no matter how ‘old’ is an idea – a method of analysis upon which mass action is based – if it more accurately describes the situation today than ‘new’ theories, it retains all its relevance in the modern era. This is particularly the case for the masses in the neo-colonial world – and especially today in the vital country of Pakistan with more than 200 million inhabitants – confronted as they are with all the terrible problems flowing from the incomplete capitalist-democratic revolution.

‘Power Sharing’ Assembly delivers austerity, as sectarianism grows

2010 - Time for united working class opposition!

The signing of the St Andrews Agreement in 2006 was meant to represent a framework which would enable the Democratic Unionist Party and Sinn Fein to work together as the two largest parties in the Northern Ireland Executive. Peter Hain, Northern Ireland Secretary for State at the time, declared it an “astonishing breakthrough”. This so-called agreement, though, was nothing of the sort.

300 more water service jobs to go

Water service needs to be taken out of hands of Northern Ireland Water

Bosses from the private sector only interested in making profits, not a quality water service

The We Won’t Pay Campaign has called on the Northern Ireland Executive to intervene and bring the water service fully back into public ownership after a further 300 job losses were announced by the company.