07/06/2013

Unemployment At Lowest In Four Years

New figures from the Central Statistics Office (CSO) show that unemployment is at its lowest rate in almost four years.

The unemployment rate now stands at 13.7%, a 1.2% fall from last year. 421,737 people received unemployment benefit in May, a drop of 11, 263 for the same month last year.

However, the number of people considered long term unemployed rose to 192,000, an increase of 3,268.

The number of people out of work long-term accounts for 45.5% of the total unemployed.

(MH/IT)

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