2.3m people are now working in Ireland

New figures from the Central Statistics Office (CSO) reveal that employment in Ireland rose by 2pc or 45,000 people year-on-year to 2.3m people.

Unemployment in Ireland decreased 9.4pc (or 13,600) in the year to Q2 bringing the numbers of people unemployed to 130,000.

According to the CSO, this is the 28th quarter in succession where unemployment has declined on an annual basis.

The figures also indicated that of the 88,600 people who migrated to Ireland in the 12 months to April, around two-thirds (61,700) were foreign nationals while the remainder (26,900) were Irish nationals returning to work from abroad.

What near-full employment looks like

Labour Force Survey (LFS) for Q2 2019 replaced the Quarterly National Household Survey (QNHS) from the beginning of Q3 2017.

“The LFS is the official source of data for employment and unemployment in Ireland,” said CSO statistician Jim Dalton. “Key findings show that in Q2 2019, employment totalled 2,300,000 and this showed an annual increase of 2.0pc or 45,000 from Q2 2018. However, when adjusted for seasonal factors, employment fell by 0.9pc or 20,900 between Q1 2019 and Q2 2019.

“There were 130,800 people unemployed in Q2 2019, and this showed an annual decrease of 9.4pc or 13,600 from Q2 2018. When seasonally adjusted, the unemployment rate increased slightly from 5.1pc to 5.2pc between Q1 2019 and Q2 2019, while the seasonally adjusted number of persons unemployed increased by 3,700 to 126,100.

“Long term unemployment, which refers to those persons unemployed for one year or more, accounted for 31.2pc of total unemployment in Q2 2019.

“In Q2 2019, the total number of persons in the labour force was up 1.3pc or 31,400 to 2,430,800 from Q2 2018. The number of persons not in the labour force was 1,481,800 and that was up 2.3pc or 32,900 from a year earlier,” Dalton said.

Written by John Kennedy (john.kennedy3@boi.com)

Published: 27 August, 2019