04/03/2015

Unemployment Rate Continues To Fall

The unemployment rate in Ireland is continuing to fall, latest official figures have revealed.

The Live Register statistics showed a decrease in the number of people signing on. It is the 39th consecutive month to mark a fall.

On a seasonally adjusted basis, 4,300 people left the live register in the month, while the standardised unemployment rate is at 10.1%, down 0.2% in the month. Over the past 12 months, decreases also occurred in all eight regions.

In gross terms, the figures show 141,151 people left the live register to take up work during the last 12 months, bringing the exit rate from the live register into work to 40%. This is an increase from 33% in 2012.

Welcoming the latest figures, Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, said: "Every job created is a life back on track, a family changed, a community improved.

"It is job-creation that allows us to increase tax revenues, cut income tax, improve services and ultimately create a better country for people to live in. That is why we have placed job-creation at the very heart of the Government's agenda.

"Today's figures are hugely encouraging. We have a long way to go and many people are still not feeling the benefits. However today's numbers are the latest in a list of signs that the plan is working.

"The challenge now is twofold – firstly to press on with our plan and ensure that we implement the changes necessary to continue and build on the progress nationally. Secondly, through the Regional Plans, we will ensure that we accelerate job-creation in every region, particularly those where progress has not been as fast."

He concluded: "Today's figures give us further confidence that if we continue to implement our plans, we can continue to grow jobs right around the country – ultimately delivering better services, putting money into people's pockets, and improving people's lives."

(JP)

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