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Ireland’s unemployment rate is under 10% for the first time in seven years

Ireland’s unemployment rate is under 10% for the first time in seven years

Ireland’s unemployment rate has fallen to below 10% for the first time in seven years. Data from the Central Statistics Office indicates that the unemployment rate dropped to 9.9 per cent in the first quarter from 10.4 per cent in the final three months of 2014.

The last time it dipped below 10% was in January 2009.

A total of 12,500 jobs were created in the first three months of the year. Commenting on the figures Richard Bruton, Minister for Jobs said;

“Every job created is a life back on track, a family improved, a community enhanced”

Minister for Jobs Richard Bruton

However, Minister Bruton also acknowledged that there are parts of the country which have not seen much sign of a recovery.

There are still many people around the country who are not yet feeling the benefits yet, and there is still a long way to go before we can say we have replaced all the jobs that were lost, before we can attract young emigrants home in large numbers, before we can have jobs available for all the unemployed,” he said.

Unemployment decreased by 45,300 or 17.5 per cent in the year to March, bringing the total number of people unemployed to 212,800. “This is the eleventh quarter in succession where unemployment has declined on an annual basis,”the CSO said.

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