05 February 2015

Fitzgerald Welcomes 14.6% Drop in Local Unemployment Since February 2014

  • Unemployment in local area down by 14.6% in the 12 month period to February 2015
  • National unemployment rate of 10.5% is the lowest since the economic crisis hit
  • Ireland to remain the fastest-growing economy in the EU, according to the European Commission, with growth of 3.5 per cent predicted for 2015

Local TD, Minister Frances Fitzgerald, has welcomed today’s announcement by the CSO that local unemployment has decreased by 14.6% in the 12 month period from February 2014 to February 2015.

She said:

“Taking into account important seasonal adjustments, unemployment in our area has shown a marked decrease since this time last year, reflecting the improvement in the local and national economy.

“Nationally, the live register is now at its lowest rate since the economic crisis hit- standing at 10.5%.

“This week’s figures released by the CSO show 38 months of consecutive decrease in people signing on, with all regions nationally seeing a fall in their unemployment figures.

“While this news is to be welcomed, the figure of 10.5% is still too high and with many people around the country yet to feel the benefits, we still have a long way to go.

“That is why today’s European Commission projections for Irish GDP growth of 3.5% in 2015 - the highest among all 28 EU economies - gives us great confidence that we can continue building the economy, creating jobs and improving the economic situation for hardworking families locally and nationally.

“Every job created is a life changed, a family improved, a community enhanced.

“Statistics also show us that these aren’t the result of emigration, which has decreased, or job activation schemes which have only grown marginally in the past year. It is the result of a hard fought economic recovery and helped by Government policies such as the Action Plan for Jobs and Pathways to Work.

“The recovery remains fragile but if we continue to put into place the right plans and implement them well, as we fully intend to do, we can achieve our target of 100,000 jobs by 2016,” concluded Minister Fitzgerald.