Ireland’s unemployment rate is at its lowest level since December 2008
According to the latest Monthly Unemployment release from the CSO, the seasonally adjusted unemployment rate was unchanged in December at 8.8%.
The unemployment rate is at its lowest level since December 2008’s 8.6%, with the rate having fallen from the high of 15.2% reached in January 2012. Employment rose in twelve of the fourteen economic sectors on an annual basis and fell in the other two in the third quarter of 2015, according to the most recent published figures. The greatest rate of increase was posted in the Construction (+13.3% or 15,000) sector. The pick-up in this sector is particularly encouraging given that it was the one that suffered the worst job losses in the economic downturn.
In 2016 the Departmenet of Finance is projecting that Ireland will pass the twon million people in employment mark, replace all of the jobs lost during the downturn by 2018 and in total, between 2015 and 2020, add more than 200,000 new jobs.
For more on this article, please visit: Business World