Wednesday 24 January 2018

A grim picture on the jobs front

THE employment and unemployment figures from the Central Statistics Office are an unwelcome reminder of the grim situation facing the economy and the immense challenge of turning things around.

It turns out that unemployment is worse than the estimates derived by the CSO from the numbers signing on the Live Register each month.

The number of people saying they had worked for less than one hour in the previous week was higher than expected. So the statisticians now put unemployment at a 17-year high of 14.6pc -- a full percentage point higher than previously thought.

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