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23/02/2016
Lowest Unemployment Figures In Seven Years Welcomed
The Minister for Business & Employment Ged Nash TD has welcomed the latest figures from the Quarterly National Household Survey (QNHS) which shows that the unemployment rate is now at its lowest level in seven years.
The figures from the Central Statistics Office for the fourth quarter of 2015 show that there has been an annual increase in employment of 2.3% or 44,100. This is the 13th successive quarter showing increases in employment.
The vast majority of these new jobs, 38,900, are full-time and the number of underemployed people has fallen substantially by 9.9%. 12 out of 14 sectors of the economy are showing jobs growth, with construction in particular performing well with 8,900 jobs added in the final quarter of last year.
Minister Nash said: "These latest figures from the CSO show that this Government has helped to get 142,300 people back to work since the height of the unemployment crisis. We have done this through the twin approaches of the Action Plan for Jobs and Pathways to Work.
"This is very welcome, particularly for those 142,300 people whose lives have been turned around, for their families and the communities in which they live and spend the money they are now earning. I'm also heartened to see that the long-term unemployment rate is continuing to fall, down from 5.8% last year to 4.7%. While this level is still too high, it shows that the plans we have are working."
The figures from the Central Statistics Office for the fourth quarter of 2015 show that there has been an annual increase in employment of 2.3% or 44,100. This is the 13th successive quarter showing increases in employment.
The vast majority of these new jobs, 38,900, are full-time and the number of underemployed people has fallen substantially by 9.9%. 12 out of 14 sectors of the economy are showing jobs growth, with construction in particular performing well with 8,900 jobs added in the final quarter of last year.
Minister Nash said: "These latest figures from the CSO show that this Government has helped to get 142,300 people back to work since the height of the unemployment crisis. We have done this through the twin approaches of the Action Plan for Jobs and Pathways to Work.
"This is very welcome, particularly for those 142,300 people whose lives have been turned around, for their families and the communities in which they live and spend the money they are now earning. I'm also heartened to see that the long-term unemployment rate is continuing to fall, down from 5.8% last year to 4.7%. While this level is still too high, it shows that the plans we have are working."
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