Jobless rate unchanged at 14.8%

Jobless rate unchanged at 14.8%

There has been a fall in the number of people on the Live Register, but the jobless rate is unchanged at 14.8%.

New figures from the Central Statistics Office show that on a seasonally adjusted basis, there was a decrease of 2,300 last month to 437,300.

However when unadjusted, the Live Register total in July stood at 460,323 with the rate of unemployment remaining unchanged at 14.8%.

More than 44% of those signing on are long term claimants, who are out of work for more than a year.

ISME boss Mark Fielding said: "Most disappointing are the continuing rise in long-term unemployment (5.3% increase) and the number of people under 25 (listed on the register) reducing month-on-month for the last two years, because they're emigrating."

Meanwhile, the Deloitte Q2 2012 survey reveals a drop in business confidence with one in five Irish CFOs now optimistic about their company’s financial prospects, down from 32% in the first quarter.

Net optimism, which tracks aggregate optimism on a quarterly basis, stands at zero, down from 17% in Q1, indicating that Irish CFOs increasingly have mixed views in terms of overall optimism on future performance.

Despite the decline in overall optimism, sentiment on turnover and profitability remain steady. 51% of CFOs expect turnover to have increased in six months’ time, down slightly from 53% last quarter. 46% also expect profitability to increase in the next six months.

Some 92% of respondents said they did not believe the economy would return to growth before Q1 2013. Thirty-seven percent believe a break-up of the Eurozone is likely, and 38% believe it is not.

More on this topic

CSO figures show decrease in number of people on Live RegisterCSO figures show decrease in number of people on Live Register

CSO figures show slight fall in unemploymentCSO figures show slight fall in unemployment

Live Register reaches lowest point since 2008Live Register reaches lowest point since 2008

Live Register numbers fall in FebruaryLive Register numbers fall in February


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