Monday 1 May 2017

Unemployment rate falls to 9.1pc - peak was 15pc in 2012

'Employment will pass the two million threshold in 2016 and unemployment should fall to around 7pc by year's end'
'Employment will pass the two million threshold in 2016 and unemployment should fall to around 7pc by year's end'
Donal O'Donovan

Donal O'Donovan

The unemployment rate fell to 9.1pc at the end of 2015, with the number of people with jobs coming in just shy of the two million mark.

The number of people with jobs reached 1.98 million at the end of last year, up 44,000 in twelve months – just missing what would have been a politically potent two million target. 

The latest figures from the Central Statistics Office (CSO) seasonally adjusted unemployment rate decreased to 9.1pc in the final three months of 2015 – that’s down from a peak of more than 15pc in the worst period of the crisis in 2012 . 

The total number of people classed as unemployed was 187,500 at the end of the year. Within that, the long-term unemployment rate decreased from 5.8pc to 4.7pc over the year to the end of 2015. Long-term unemployment accounted for 54.5pc of the total numbers out of work, down from 61.4pc in the fourth quarter of 2013.

 Ireland’s total labour force, including those working and out of work stood at 2.17 million at the end 2015, up 18,000 over the year.

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