Unemployment rate falls to 9.9pc; dips below 10pc for first time in seven years
The unemployment rate has fallen to below 10pc for the first time in seven years, according to the latest figures from the Central Statistics Office (CSO).
The seasonally adjusted unemployment rate decreased from 10.4pc to 9.9pc over the quarter.
Released this morning, the Quarterly National Household survey reveals that the number of people in work was 1,929,500 in the first quarter of this year. That’s an increase of 41,300 people.
The number of people unemployed is down 45,300 over the year to 212,800, a drop of 17.5pc.
The figures also show that the number of people in the labour force has fallen by 4,000 to 2,142,400, while the number not in the labour force is up by 14,700 to
“It is encouraging to see that the long-term unemployment levels are continuing to fall – down to 5.9pc from 7.3pc over the past year,” said Minister for Business and Employment, Ged Nash. “It is still too high, but through Pathways to Work led by the Tánaiste, we are striving to ensure that as many as the new jobs as possible are going to people on the Live Register.
“I am particularly pleased to see the high rise in the numbers of people working in construction after the hammering this sector took during the bust. There are 19,600 more people working in construction in the last year, a leap of 19.1pc.”
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