CSO figures see rise in employment

Credit thejournal.ie

Credit thejournal.ie

CSO figures released today show a rise in employment in Ireland. There was an annual rise of 3.2% in the year until the third quarter of 2013, bringing total employment to 1,899,300.

On a quarterly adjusted basis, numbers in employment rose by 22,500 in this quarter. This also follows on from a seasonally adjusted increase in employment of 13,500 in the second quarter of 2013.

The unemployment rate over the quarter decreased from 13.6% to 12.8%. An unemployment decrease of 41,700 in the year brings the total number of people out of work down to 282,900.

The total number of persons in the labour force in the third quarter of 2013 was 2,182,100. This showed an increase of 16,300 over the year. The number of people not in the labour force in the third quarter of 2013 was 1,410,700, a decrease of 19,000 over the year.

Stephen Kinsella, Lecturer of Economics in the University of Limerick, tweeted the following: “Unambiguously good news for Irish labour market: emp. up 58k in year to 2013:Q3, unemployment down 41.7k”.

According to the Irish Times, Minister for Social Protection Joan Burton said: “There are still far too many people out of work, and tackling unemployment will remain the Government’s number one priority, but these figures demonstrate that we are making steady progress”.

John Lillis

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