Irish unemployment rates fell to 10.5pc in 2014 – Eurostat figures

Latest Eurostat figures show that Irish unemployment rates fell in 2014, from 12.1pc in December 2013 to 10.5pc in December 2014.

This means there were 35 000 fewer unemployed people registered at the end of 2014 than in December of the previous year.
Breaking the figures down, Irish youth unemployment stood at 21.6pc at the end of 2014, down by 4.2pc from the previous end-of-year figure of 25.8pc in 2013.
The highest youth unemployment in the EU was in Spain (51.4pc), Italy (42pc), and Portugal (34.5pc). No figures beyond October 2014 are available for Greece, when the figure was 50.6pc.
Looking at gender difference, Irish male unemployment fell from 13.6pc at the end of 2013, to 11.7pc at the end of 2014. Irish female unemployment shows less change, falling from 10.3pc to 9.1pc over the period.

EU countries with the lowest unemployment at the end of 2014 were Germany (4.8pc), Austria (4.9pc) and the Czech Republic (5.8pc).

The latest figure for the UK was in October 2014, when the unemployment rate was 5.9pc.
Eurostat also gives the unemployment rate in the US in December 2014 as 5.6pc, down from 6.7pc a year before.
Unemployment in the euro area as a whole stood at 11.4pc in December, down from 11.8pc a year before. This is the lowest recorded since August 2012.
EU28 overall had a 9.9pc unemployment rate at the end of 2014, down from 10.6pc the year before.

For more on this please click: http://www.businessandleadership.com/business/item/49267-irish-unemployment-rates/ 

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