Employment boom: New report show unemployment figures are at its lowest since 2008 – TheLiberal.ie – Our News, Your Views
June 12, 2018

Employment boom: New report show unemployment figures are at its lowest since 2008

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The country’s unemployment rate is reportedly at its lowest in almost 10 years.

According to newly published figures by the Central Statistics Office(CSO), unemployment figures for the month of May stood at 5.8%.

The latest findings have apparently revealed that the current rate is the lowest since May 2008 when it stood at 6%.

In a report published this week the CSO say unemployment figures seen a slight decrease in May when it fell to 5.8% from 5.9% in April.

The latest figures also showed that compared to the same time last year the unemployment rate fell by 0.8%.

Although the Central Bank are pleased with the latest figures, they have warned that the latest figures could significantly change in the future given the current economic uncertainty.

However despite the warning the Central Bank say figures could drop as low as 4.5% in 2019, provided there are no sudden changes to the Irish economy.

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