Slight Rise In Unemployment Rate

Business & Finance - Economy

Thursday, 03 November 2011 16:45

Written by Noel Cotter

Chambers Ireland has today said the standardised rate of unemployment in October 2011 was 14.4% up slightly from 14.3% in September.

On a seasonally adjusted basis there was an increase of 2,700 (+0.6%) on the Live Register in the month to October 2011 bringing the seasonally adjusted total to 447,100.

Ian Talbot, Chambers Ireland Chief Executive said, “The increase in the standardised rate of unemployment follows a pattern of month-to-month fluctuations, however the underlying trend has been relatively flat over the last twelve months.”

“The Government has the opportunity to provide real supports and incentives for employers to create and retain jobs in Budget 2012. Fast-tracking the labour market reforms outlined by Minister Bruton during the summer is also essential to help prevent further unemployment and ultimately create favourable conditions for job creation in impacted sectors.  This was supported by over 70% of Chamber members surveyed country-wide,” Talbot concluded.