Employment hits highest level since 2008
Employment has continued to increase, with more than 2 million people now working in Ireland, according to the latest Quarterly National Household Survey figures from the Central Statistics Office.
Results of the Quarterly National Household Survey (QNHS) for the second quarter of the year showed a 2.9% rise in employment when compared with the same period last year.
Unemployment decreased by 23,400 (-11.1%) in the year to Q2 2016 bringing the total number of persons unemployed to 187,800.
The long-term unemployment rate decreased from 5.5% to 4.4% over the year to Q2 2016. Long-term unemployment accounted for 51.1% of total unemployment in Q2 2016 compared with 56.1% a year earlier and 57.6% in the second quarter of 2014.
The CSO figures also show that 72% of all jobs created in the past year were created outside Dublin. Employment has been growing continuously for 16 quarters and over the past year employment has grown in all regions.
Minister for Jobs, Enterprise and Innovation Mary Mitchell O’ Connor, said she was “particularly encouraged” to see “the vast majority of new jobs are being created outside of Dublin” as “keeping a focus on job growth in all regions around Ireland” is one of her “key priorities”.
“The CSO figures also show that unemployment has decreased by 12.6% during this year bringing the total number of unemployed to 172,500,” the Minister added. Noting this is “the 16th consecutive quarter for job growth,” Minister Mitchell O’ Connor said she intends “continuing to work towards ensuring the right supports are available to all businesses so that we can maintain the momentum we have recently seen in job growth”.
So if you need help with your growing payroll requirements to enable you focus on core business matters, the team at PaycheckPlus are here to help.
For more information on our Outsource Payroll Managed Services please Request a callback from our Payroll Team today or call our office on 041-9892100.
PaycheckPlus – payroll excellence