The December 2014 Live Register figures published by the Central Statistics Office today show a decline of 3,300 compared to the November figures. The unemployment rate now stands at 10.6 per cent, down from a peak of 15.1% in February 2012. Todays figures follow the publication by IDA of their annual results yesterday which showed that more than 27,000 extra people are now at work in IDA companies compared to 2011. As an indication of the levels of activity taking place in the jobs market, more than 140,000 people left the live register to go into employment over the last twelve months. Job-creation is the Governments top priority. Every job created is a life changed, a family improved and a community enhanced. Also crucially, it is by job-creation and economic growth that we can put money back in peoples pockets through tax cuts and improve public services that people rely on. From an economic point of view, every person who leaves the Live Register into employment saves the Exchequer approximately €20,000 per annum in reduced social welfare expenditure and increased tax revenue, and helps to create a reinforcing cycle of positive economic benefits. The Action Plan for Jobs is working. Since it was launched, 80,000 additional people are at work. In recent days we have seen further good news, with strong Exchequer returns and IDA results for 2014. This has not happened by accident – it is by consistently pursuing our plan to improve competitiveness and provide new supports for job creation that this can take place. The Pathways to Work strategy driven by Joan Burton has been very effective at ensuring that people are taken off the live register to fill these extra jobs. Many people are not yet feeling the effects, and with unemployment still above 10% we have a long way to go. However today’s figures can give people further confidence that if we continue implementing our plan, we can continue to grow the economy, create jobs, reduce unemployment and ultimately create a better country for people to live in. enterprise.gov.ie/en/News/Minister-Bruton-welcomes-continuing-fall-in-Live-Register.html
Posted on: Wed, 07 Jan 2015 13:14:14 +0000
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