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Optimism as jobless rate falls to just 11.5pc

UNEMPLOYMENT across the country has dropped to 11.5pc, with the number of people in work standing at 1.9 million by the end of June.

The figures, released by the Central Statistics Office (CSO), represent a large drop in unemployment when compared to the height of the recession - in January 2012 unemployment was at 15.1pc.

And the CSO figures have also revealed that the number of people emigrating has fallen to 81,900, while 60,600 moved into the State.

However, the National Youth Council of Ireland pointed out that there were 33,500 young emigrants in 2014 with 165,300 young people leaving in last five years.

The council remained concerned at the high levels.

DRAIN

"This represents a brain drain and will inhibit our economic recovery," said the council's 
policy officer Marie-Claire McAleer.

"We need a pool of well-educated people to attract investment and stimulate and sustain economic growth."

However, the employment figures are likely to increase confidence in the country's fledgling economic recovery.

Seasonally adjusted unemployment fell 46,000 to 254,500.

The number of people in work increased by 31,600 to June, bringing total to 1,901,600.

The total population over the country has grown by 16,700 to stand at 4.6 million.

hnews@herald.ie


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