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Employment passes two million mark for first time since 2008

The number of people in work has passed the two million mark the first time since the l...
Newstalk
Newstalk

12.51 23 Aug 2016


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Employment passes two million...

Employment passes two million mark for first time since 2008

Newstalk
Newstalk

12.51 23 Aug 2016


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The number of people in work has passed the two million mark the first time since the late 2008.

There was an annual increase in employment of 2.9% or 56,200 in the year to the second quarter of 2016, bringing total employment to 2,014,900.  

Irish employment reached a high of 2.16 million people immediately before the financial crisis hit in 2008.

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The Central Statistics Office's (CSO) National Household Survey for Q2 shows that, on a seasonally adjusted basis, employment increased by 20,000 (+1%) over the previous quarter.

This follows on from a seasonally adjusted increase in employment of 16,100 (+0.8%) in the first quarter of the year.

On average, approximately 1,000 jobs have been added every week since the beginning of the year.

Unemployment fell by 23,400 in the year to q2, bringing the total number of persons unemployed to 187,800.

Minister for Finance Michael Noonan said: "We have now seen 15 consecutive quarters of employment growth.

"This growth remains broad-based, with 12 of the 14 sectors reported by the CSO showing annual growth. Creating jobs for our people means they can contribute to a better life for themselves and a fairer society for all of our people... 

"Our ambition is to help create 200,000 new jobs by 2020, including 135,000 outside of Dublin. Supporting a balanced recovery across all regions and all sectors will help workers and their families feel the benefits of recovery."

 


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