Unemployment rate falls below 13%

Unemployment rate falls below 13%

The seasonally adjusted unemployment rate decreased from 13.6% to 12.8% over the period of July to September (Q3) this year, according to figures released today.

The latest Quarterly National Household Survey from the Central Statistics Office shows that the total number of persons unemployed is now at 282,900.

The long-term unemployment rate decreased from 8.9% to 7.6% over the year to Q3, 2013.

Long-term unemployment accounted for 58.4% of total unemployment in Q3 2013 compared with 59.5% a year earlier and 58.4% in the third quarter of 2011.

The number of people in employment increased by 2.3% in the year to the end of September, with 58,000 people securing jobs during the period.

It represents the fourth successive quarter recording an annual rise, and the largest increase since the end of 2007.

On a seasonally adjusted basis, employment increased by 22,500 (+1.2%) in the quarter. This follows on from a seasonally adjusted increase in employment of 13,500 (+0.7%) in Q2 2013.

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