Live Register: Number of people signing on falls to lowest level in five years
Published 30/04/2014 | 12:43
THE number of people signing on the dole fell again in April and the standardised unemployment rate fell to 11.7pc from 11.8pc in March.
That number now stands at 392,700 - the lowest level in five years.
Merrion Stockbrokers chief economist Alan McQuaid said that while emigration has contributed to the drop, there is more to the figures.
"Although the recovery path for the labour market won’t entirely be smooth, we do think that the level of unemployment will continue to fall over the course of 2014," he said.
"It does now appear as though the jobless rate has peaked, and we are looking for it to fall back to 11.5pc on average this year from 13pc in 2013, which itself was the lowest level since 2009."
The figures also show the number of long-term claimants fell by 4.2pc to 178,225.