Business News

Employment rose by 44,100 last year, latest CSO numbers show

Quarterly National Household Survey puts overall jobless rate at six-year low of 9.1 per cent

Total employement rose by 44,100 last year , according to the Quarterly National Household Survey.

This brought overall employment in the economy to 1.98 million, the highest level recorded since the first quarter of 2009.

The latest figures show employment increased by 4,700 (0.2 per cent) in the final quarter of 2015.

This represented a moderate slowdown in the rate of employment growth, which was 0.5 per cent in the previous quarter.

The survey is considered the most accurate barometer of conditions in the labour market

It shows the State’s overall jobless rate dropped to another six-year low of 9.1 per cent at the end of last year.

The survey shows the rate of long-term unemployment decreased from 5.8 per cent to 4.7 per cent over the year to the second quarter.

Nonetheless, it still accounted for 54.5 per cent of total unemployment, albeit this was marginally lower than the 57.8 per cent recorded a year earlier.

Minister for Jobs Richard Bruton said an annual employment growth rate of 2.3 per cent put Ireland right at the top of international jobs growth tables.

“ What is most welcome is the wide range of sectors showing growth and this growth is underpinned by a strong performance by our expert oriented companies,” he said.

“The challenge now is to continue to support our entrepreneurs and workers with continued policies as they continue to grow jobs and get our economy and country back on track,” Mr Bruton added.

Article Source: http://tinyurl.com/kbwqb42

< Back to Business News