Number of unemployed people in Ireland falls to lowest level in eight years

The number of people unemployed in Ireland fell by 40,000 last year - its lowest level in eight years.

New figures from the Central Statistics Office shows unemployment dropped to 147,400 at the end of 2016.

When seasonally adjusted, the unemployment rate fell from 7.8% to 7.1% over the quarter.

According to the Quarterly National Household Survey (QNHS) for Q4, 2016, employment totalled 2,048,100, up 3.3% or 65,100 from the same quarter in 2015.

When adjusted for seasonal factors, employment increased by 0.8% or 16,700 from

Q3, 2016.

"What we've seen in the year to Q4 2016 an increase in employment of 3.3%, or just over 65,000," said SO senior statistician Brian Ring.

"And in unemployment terms, we've seen an annual decrease in unemployment of 40,000 over the year as well."

Related Articles

Warning of possible labour shortages amid low unemployment figures

Employment rate rises by 3% to hit record highs

Over €2 million invested in Dublin tech firms by Local Enterprise Office

Jobpath finds jobs for 20,000 long-term unemployed

More in this Section

IFG targets strong growth and 'real value for shareholders in the medium term'

GDP booms ‘but household spending not so much’

Interest rate hike may be pushed back to 2020

Park Hotel in Kenmare generated record revenues in 2018 - John Brennan


Derval O'Rourke's tips on how to be healthy at Christmas

How to cook the traditional festive feast this Christmas

Vintage View: The world’s most iconic and influential mouse

Wish List: Classy place-setting to cute snowmen to get through the shortest days

More From The Irish Examiner