Time is time.

While we have a very strong economy and, in overall terms, full employment, I am concerned about the fact that youth unemployment has now hit a rate of 10.8%. That is in the region of 37,000 young people. We are also seeing a situation now where graduate unemployment is higher than the national unemployment rate. Some of this is obviously because there is reduced hiring in consumer-facing sectors. There is a concern about ensuring that work pays, but we are living in a time where we are seeing more access to education and training than before. It is a concern that if young people feel they are alienated from society because they do not have employment opportunities, it could have long-term repercussions. What approach is the Government taking to tackling this issue? I know it is not just confined to Ireland, but it is something that the Government needs to address.

I thank the Deputy for raising this issue. Youth unemployment is a seasonal and volatile issue.

One of the areas we need to examine more closely is the cost involved for SMEs generally and whether young people are being taken on, even on a part-time. There has been a cumulative increase in costs over quite a while. We will do everything we can to support young people's progression into employment. In June, the youth unemployment rate was 10.8%, up from 9.8% in May and down from 11.6% in June of last year. It is always traditionally higher than the overall unemployment rate. We have to keep an eye on the graduate unemployment issue as well. There are changes occurring. It was interesting yesterday to hear about the additional €5 billion investment by Intel. The company is putting that down to AI having a huge impact on the semiconductor sector. There will be gains and potential reductions as well in various sectors of the economy.