💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Irish unemployment rate ticks down to 11.1 percent

Published 01/10/2014, 11:30
Updated 01/10/2014, 11:40
© Reuters A construction worker works at 'The Cedars' housing development site in Swords

DUBLIN (Reuters) - The number of people claiming unemployment benefit in Ireland fell again in September to bring the jobless rate down to 11.1 percent from 11.2 percent in August, the central statistics office said on Wednesday.

Those claiming jobless benefits fell by 4,700 to a seasonally adjusted 374,800, down from 450,000 shortly before Ireland entered a three-year international bailout that it completed last year.

© Reuters. A construction worker works at 'The Cedars' housing development site in Swords

The strong growth in employment helped the economy grow by 7.7 percent year-on-year in the second quarter and Dublin now expects the economy to grow by almost 5 percent for 2014 as a whole after struggling to eek out any growth for two years.

(Reporting by Padraic Halpin; Editing by Janet Lawrence)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.