The specialist jobs website www.RecruitAuto.ie has welcomed the latest Quarterly National Household Survey figures from the Central Statistics Office (CSO), showing that for the first time since the fourth quarter of 2008 there are now over two million (2.01m) people employed in the State. The latest CSO stats show there was an annual increase in employment of 2.9 per cent, or 56,200, in the second quarter of 2016.
Unemployment fell by 23,400, or 11.1 per cent, in the 12 months to the end of June this year. This has reduced the total number out of work down to 187,800. And it marks the sixteenth consecutive quarter in which unemployment has fallen.
However, the CSO figures show that the seasonally adjusted monthly unemployment rate has been revised up, with July now at 8.3 per cent as opposed to the previous at 7.8 per cent. This revision is being put down to an increase in the labour force, rather than an increase in numbers of unemployed people.
All regions of the country saw a fall in unemployment in the past year. The Government points out that since 2012 when the first Action Plan for Jobs was launched, there are 176,000 more people at work.
Employment has grown in 12 out of 14 economic sectors with largest increases recorded in construction, manufacturing and accommodation and food service activities.
Minister Mary Mitchell O’ Connor, Minister for Jobs, Enterprise and Innovation said: “These figures today from the Central Statistics Office are very encouraging and continue to show that the numbers of people employed in full time jobs is increasing steadily and I am particularly pleased to see that all regions of the country are seeing employment growth. Having two million people now at work will also give a boost to the State as only a strong economy supporting people at work can pay for the services needed to create a fair society.’’
Meanwhile the population statistics show a net inward migration of 3,100 in the year to April as against net outward migration of 11,600 for the equivalent period last year.