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How long can the State subsidise wages amid Covid-19?

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Just two months ago, Ireland was cited as a model for successfully tackling unemployment. However, since then, the Covid-19 virus has wreaked havoc on the labour force - at huge financial, personal and emotional cost.

After peaking at almost 16% in February 2012, by the end of February this year the Government had driven that unemployment rate down to around 4.8% - below the EU average.

But thanks to the virus, it's all gone horribly wrong - and yesterday's latest unemployment figures tell the story. 598,000 people are now receiving the €350 Covid-19 Pandemic Unemployment Payment (PUP) - an increase of 7,000 on the previous week - and an extraordinary figure considering the payment was only launched on 16 March.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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