Industry & Business

Level of unemployment falls to 7.8% for May

 Breaking News
  • The Licencing of FinTech Firms Across Europe The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has published a report on the status of licencing regimes of FinTech firms across the European Union (EU).  The report is based on two surveys conducted by ESMA since January 2018, which gathered evidence from national competent authorities (NCAs) on the licensing regimes of FinTech firms [...]...
  • MessageBird Opens New Office in Dublin MessageBird, the Amsterdam-based cloud communications platform company, is expanding its European operations with a new office in Dublin. Led by former Salesforce and Oracle executive, Roberto Marzo, the new office will employ up to 50 new positions over the next two years. Initial hires will focus on sales, customer success and support for MessageBird’s fast-growing European [...]...
  • Signing of the Ireland-China MOU to Promote Science, Technology and Innovation Co-operation A revised Memorandum of Understanding (MOU) to promote science, technology and innovation cooperation between Ireland and China has been signed. The revised MOU between the Department of Business, Enterprise and Innovation and the Ministry of Science and Technology of the People’s Republic of China replaces the 2012 MOU to promote science, technology and co-operation. It [...]...
  • Colm McLoughlin Honoured at Aviation Industry Awards in Ireland At a glittering industry gathering that attracted over 300 senior aviation executives in Ireland, Dubai Duty Free’s Executive Vice Chairman & CEO, Colm McLoughlin, was presented with the Outstanding Contribution to the Aviation Industry award at the annual Aviation Industry Awards in Dublin. Colm McLoughlin, who celebrated his 50th anniversary in the duty free industry on [...]...
  • Irish Hotel Sector at a Turning Point Crowe, Ireland’s leading accountancy practice and advisors to the Irish hotel sector, has launched the 24th edition of Ireland’s most comprehensive annual analysis of the Irish hotel sector. The Crowe Ireland Annual Hotel Survey, compiled from an analysis of Irish hotels’ 2018 accounts, shows that the sector experienced a positive year in 2018 with an eight-consecutive year of [...]...

Level of unemployment falls to 7.8% for May

May 31
12:47 2016

startup-photos-mediumAccording to the latest figures from the Central Statistics Office the level of unemployment has continues to fall for the month of May as the seasonally adjusted unemployment rate fell to 7.8% from April’s rate of 7.9%

The figures show that the seasonally adjusted number of unemployed stood at 169,700 in May, down 1,500 from April.

It also marked a fall of 38,300 compared to the same month last year.

The Irish jobless rate compares with a current euro zone average of 10.2%.

Commenting on today’s figures, Merrion economist Alan McQuaid said that while emigration has been a factor to some degree in keeping unemployment down, the labour market has improved dramatically over the past few years due to strengthening of the economic recovery.

The economist noted that employment rose in 12 of the 14 economic sectors on an annual basis and fell in the other two in the first quarter of 2016.

The greatest rates of increase were seen in the administrative and support service activities, with employment up 9.9%, and in the construction sector, which rose by 7.8%.

But Mr McQuaid said the labour supply has begun to rise in response to the improved economic situation, and this is likely to slow down the decline in the jobless rate over the coming months.

“Still, we expect the downward trend in unemployment to continue for a while yet all things being equal,” he added.

About Author



Related Articles

New Subscriber

Subscribe Here


National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories

Upcoming Events

  • No upcoming events
AEC v1.0.4