Irish unemployment rate falls to 11.1pc in third quarter

26 Nov, 2014

DUBLIN: Ireland's unemployment rate fell to 11.1 percent in the third quarter from 11.5 percent in the previous three months, data showed on Wednesday, as job growth picked up pace quarter-on-quarter.

Employment has been growing steadily since the jobless rate hit a high of 15.1 percent in early 2012 when Ireland was in an EU/IMF bailout, although figures showed on Tuesday that wages have continued to fall.

The number of people in work rose by 10,400 or 0.5 percent quarter-on-quarter compared to a 4,300 gain in the second quarter, according to Central Statistics Office data.

The largest annual increase in employment was in construction, an industry decimated during a property market collapse.

Copyright Reuters, 2014

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