Unemployment rate drops to 10.1% in February

Ireland’s unemployment rate declined another 0.2% in February, to reach 10.1%, its lowest level since 2009 — the last time the percentage figure was in single digits.

Unemployment rate drops to 10.1% in February

Latest data, published yesterday by the CSO, showed that 4,300 people came off the Live Register last month and back into work, reducing the seasonally adjusted total still on the register to 355,600. The number of long-term unemployed fell from 164,844 in January to 162,776 last month.

The Government said the figures show the economic recovery is improving, with each person returning to employment saving the exchequer roughly €20,000 per year via reduced social welfare payments and increased tax revenue.

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