Sunday 11 December 2016

Unemployment rate of 8.9pc in November 2015, unchanged from October

Published 01/12/2015 | 11:24

Dole Queue. People queue down Cumberland Street, Dun Laoghaire to collect their social welfare payments.
Dole Queue. People queue down Cumberland Street, Dun Laoghaire to collect their social welfare payments.

THE seasonally adjusted unemployment rate for November 2015 was 8.9pc, unchanged from the revised October 2015 figure.

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The rate is down from 10.4pc in November 2014.

In addition, the seasonally adjusted number of people unemployed was 191,700 in November 2015, a decrease of 700 when compared to the October 2015 figure or a decrease of 32,100 when compared to November 2014.#

"The flat unemployment rate in November should not be taken as a strong signal of any slowdown in the labour market," Davy Stockbrokers said in a statement.

"Indeed, Ireland’s PMI surveys continue to indicate that both manufacturing and service sector companies continue to add jobs.

"Our concern is that our forecast for the unemployment rate to average 8.2% in 2016 could still prove too pessimistic."

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