Tuesday 16 October 2018

Unemployment rate falls to 6.1pc

The unemployment rate for persons aged 15-24 years in Ireland was 6.1pc in November (Stock image)
The unemployment rate for persons aged 15-24 years in Ireland was 6.1pc in November (Stock image)
Ellie Donnelly

Ellie Donnelly

Unemployment in November fell to 6.1pc from a revised rate of 6.3pc in October, according to the latest data from the Central Statistics Office.

Overall the rate of unemployment is down 1.4pc on the same period last year.

The seasonally adjusted number of persons unemployed was 138,100 in November 2017, down from 141,500 when compared to the October 2017 figure, and a decrease of 29,000 when compared to November 2016.

Commenting on the figures, Mariano Mamertino, EMEA economist at global job site Indeed, said that the positive downward trend was in marked contrast to the continuing stubbornly high rates of unemployment in the Southern European countries who Ireland joined in the debt hurt locker back in 2008/9.

However he note that the recovery was not benefiting all the country equally.

"The South West of the country had the lowest unemployment rate of 4.8pc based on the most recent regional unemployment breakdown, with numbers in employment growing 6.8pc year on year," Mr Mamertino said.

"Performing less well are the Border counties where numbers in employment are flat and the unemployment rate at 6.6pc. The Midlands had the highest rate of unemployment at over 8pc."

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