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05th Jan 2016

The Central Statistics Office released some very good news about Ireland’s unemployment rate today

Carl Kinsella

The boom is definitely not back…

But times are certainly not as tough on most people are they were during the harshest depths of our most recent financial crisis.

Private sector pay is set to increase almost across the board in 2016, and the CSO announced today that unemployment is at its lowest point in seven years – which would almost take us back to the very start of the global banking crisis, just before things got really grim.

As it stands, there are 190,600 people unemployed in Ireland, 119,000 of which are men. This amounts to an unemployment rate of 8.8% which is 2.9% better than the Eurozone average.

Clip via ijilliani.

What is most encouraging is that the rate of unemployment is consistently declining, something that will hopefully continue into 2016 and beyond.

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Topics:

Economy