Ireland’s unemployment rate dips in September

| September 29, 2010 | 0 Comments
”Ireland’s

The Irish Central Statistics Office (CSO) has today revealed the jobless rate dipped to 13.7% in September, down from 13.8% in August.

However, the rate remains a concern and compares with a rate of 10% for the euro zone and 7.8% for the UK.

In the meantime, the CSO said there was a fall in the number of people claiming benefits.

According to the CSO, the total number signing on for benefits fell by 24,506.

The figures come just a week after the CSO revealed the Irish economy contracted by 1.2% in the April to June period – surprising economists who had forecast an expansion.

Furthermore, the CSO revised first quarter growth figures down from 2.7% to 2.2%.

Many analysts believed the economy to be on the road to recovery but today’s figures will raise further concern for the former “Celtic Tiger” economy.

Ireland’s economy only emerged from recession in the first quarter of 2010.

It was believed that Ireland had exited recession in the third quarter of last year but an initial estimate of growth was later revised to show a contraction within the economy.

As a result, Ireland was one of the last euro zone nations to emerge from recession.

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