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Positive CSO Figures State Unemployment Rate Lowest Level Since August 2008

Positive CSO Figures State Unemployment Rate Lowest Level Since August 2008According to the latest CSO figures, the rate of unemployment was 7.2pc last month, down from 7.3pc in November 2016 and a drop from 8.9pc in December 2015.

Today’s figures reflect the lowest unemployment rate since August 2008.

The CSO said the seasonally adjusted number of people who were unemployed stood at 157,700 in December, down from 160,500 in November. It also marked an annual fall of 35,500.

The jobless rate has now fallen for seven months in a row and is down from a post-crisis high of 15.2% at the beginning of 2012.

It also compares with a current euro zone average of 9.8%.

Today’s figures show that the unemployment rate during the month for men was 8.1%, while the corresponding figure for women was 6.1%.

Meanwhile, the youth unemployment rate (people aged 15-24) stood at 14.5% in December, down from 15.4% in November.

“This is in line with what we at CareerWise Recruitment have been seeing. There are a steady and increasing number of positions being filled resulting from start-ups and companies that are expanding, throughout the general economy. We are seeing a strong demand across all sectors and this is likely to continue with the low interest, low oil and input prices helping offset the Brexit and the MNC tax concerns”

Joe Robbins, Director, CareerWise Recruitment

 

 

Cork Office

CareerWise Recruitment. EastGate Village, EastGate, Little Island, Cork.

Phone: +353 (0) 21 206 190

Email: info@careerwise.ie