Jobless rate at a six-year low but 'concern' at youth figures
The nation’s unemployment rate has hit a six-year low with 28,100 fewer people now in the dole queue compared with this time last year.
Ireland’s labour market has continued to improve, with official figures suggesting the overall unemployment rate now stands at 9.4pc.
New figures released by the Central Statistics Office (CSO) show the number of people without a job fell by 800 between August and September alone putting Ireland slightly under the EU average of 9.7pc.
The latest figure shows some 125,900 men were out-of-work this month, down 800 on August. The number of females categorised as unemployed was unchanged at 79,400.
The figures also reveal little change in the level of youth unemployment. The number of under 25-year-olds currently out of work is down just 0.1pc to 20.6pc.
Experts say the figures, which have remained stagnant for the past six months, are “very worrying”.
National Youth Council of Ireland Deputy Director James Doorley (NYCI) has said the figures are a “major cause for concern”.
“After a steady decline since 2012, from a high of 31pc to 21pc at the end of 2014, youth unemployment has remained static.
“This doesn’t reflect the wider economic recovery underway, which is a cause for concern,” he said.
Meanwhile computer giant IBM is to create a total of 110 software engineering jobs in Ireland.
The new positions will be based in its lab space in Dublin, Cork and Galway. Recruitment for graduate and experienced computer scientists is expected to start in the coming weeks.
The new jobs will be focused on building “cloud-based social collaboration” and “human resources analytics software”.
This project is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
IBM has been in Ireland since 1956 and employs 3,000 people here in a range of functions.