Wednesday 21 March 2018

Unemployment rate falls to 13.5pc in July – CSO

THE seasonally adjusted Live Register fell by 3,200 in July, new figures from the Central Statistics office showed today.

The statistics also show that the standardised unemployment rate was 13.5pc, down from 13.6pc in June.

Unemployment figures have recorded a marginal decline in recent months.

In unadjusted terms, there were 441,976 people signing on the Live Register in July.

This represents an annual decrease of 18,347 or a drop of 4pc.

The seasonally adjusted unemployment rate from the most recent quarterly household survey was 13.7pc for the first quarter of the year.

"Live register figures for July, released this morning, show a fall of 3,200 month-on-month and 18,300 year-on-year," said Goodbody chief economist Dermot O'Leary.

"This unemployment rate, on this basis is now 13.5pc, 1.3 percentage points lower than in July 2012. However, retail trends show that this has yet to translate into increased consumption," he added.

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