Tuesday, February 18, 2020

Data from the Central Statistics Office (CSO) shows that employment went up last year.

The CSO’s Labour Force Survey (LFS) for the final three months of 2019 records a 3.5% rise in employment for the whole year to 2,361,200. Meaning there were 79,900 more people employed at the end of 2019, when compared to the start of the year.

Their figures also show that unemployment was down 14.2%, or 18,300, to 110,600 in the year.

Jim Dalton, CSO statistician, said: “The LFS is the official source of data for employment and unemployment in Ireland. When adjusted for seasonal factors, employment increased by 1.3% or 30,500 between Q3 2019 and Q4 2019.

“There were 110,600 people unemployed in Q4 2019, and this showed an annual decrease of 14.2% or 18,300 from Q4 2018.

“When seasonally adjusted, the unemployment rate decreased from 5.0% to 4.7% between Q3 2019 and Q4 2019, while the seasonally adjusted number of persons unemployed decreased by 4,800 to 115,900.”

Mr Dalton added that long-term unemployment, where people are unemployed for a year or more, accounted for 35% of total unemployment in the final three months of 2019.

The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe, said that 2019 was “another very good year for Ireland’s labour market”.

He said: “Despite a challenging year in 2019 due to Brexit uncertainty and a slowdown in international markets, I am very pleased to see today’s figures which show the continued strength in our labour market..

The level of employment grew by 1,250 per week last year. The number of people at work reached another all-time high, with 2,350,600 people in employment in the fourth quarter last year.

“Employment growth remains broad-based, with annual gains recorded in 13 out of 14 economic sectors and all eight regions in Ireland. I am particularly pleased to see a continued decline in the unemployment rate which now stands at a level last seen before the economic crash.”

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