Tánaiste and Minister for Social Protection Joan Burton T.D. welcomes latest CSO figures on employment growth


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A Sustained and Established Recovery

 

Unemployment falls to 245,500 in the year to Quarter 3

 

26 November 2014: Tánaiste and Minister for Social Protection Joan Burton T.D., has today welcomed the latest CSO Quarterly National Household data, which shows that there was an annual increase in employment of 1.5% or 27,700 in the year to the third quarter of 2014, bringing total employment to 1,926,900.

The Tánaiste said: "I am very pleased to see that unemployment is now at 10.9%, the lowest level since March 2009. These numbers reflect the fact that the recovery is becoming established and sustained. The unemployment rate has now dipped below 11% for the first time since March 2009. This is the 10th consecutive quarterly fall in the seasonally adjusted unemployment rate. While acknowledging that we still have a long way to go, it is welcome news that over 95% of the increase in employment was into full time jobs which increased by 1.8% in the year."

The Government’s initiatives under its Pathways to Work to enable jobseekers get back to work are proving to be successful. The latest figures released by the Central Statistics Office today show that employment increased in 11 out of the 14 sectors of the economy over the past year, especially in construction and retail. Quarter 3 results show that the number of unemployed people is 245,500, which is 37,400 fewer or a drop of 13.2% in the year.

"These results which are most welcome, will serve to make the Government more determined to tackle unemployment and get jobseekers back working again. Together with businesses and local employers throughout the country, the Department of Social Protection along with the Labour Market Council are creating opportunities that are benefitting jobseekers and employers. Through the JobsPlus scheme alone which was introduced in the summer of 2013, over 2,500 employers have availed of the opportunity to give over 3,400 unemployed people on the Live Register a chance to get back into the jobs market. We now have under 100,000 additional people at work in the private sector compared to Quarter 1 2012 when the Government launched the Action Plan for Jobs. A new JobsPlus strand for young people will be available early in 2015 under the Youth Guarantee.

"I am confident that the Back to Work Family Dividend announced in the recent Budget and which will commence early next year will be a further initiative that will greatly help lone parent and long-term jobseeker families return to work."

Currently, people in receipt of jobseeker payments receive an additional increase of €29.80 per week for each child they have, a payment known as a Qualified Child Increase. Under the Back to Work Family Dividend scheme, these jobseekers will retain that payment of €29.80 a week for each child in full for the first year in employment, and will retain half the payment – or €14.90 per child - for the second year in employment.

This means that over the two years, a family with one child will receive additional support of €2,324 to supplement wages. A family with two children will receive €4,649, those with three children will get €6,973, while those with four or more will get €9,298.

The Back to Work Family Dividend will be additional to any entitlement the family may have under the Family Income Supplement (FIS) scheme and will not affect the level of the FIS payment.

The Tánaiste concluded: "I wish to acknowledge the contribution that so many people in business and local employers throughout the country are making in helping the Government through its Pathways to Work succeed in creating jobs. For my part, as Tánaiste and Minister for Social Protection, I will continue to place a determined focus on helping jobseekers return to work."

ENDS

Last modified:26/11/2014