Live Register figures fall again in October
The number of people signing on to the Live Register is at its lowest level since March 2009
Print10 November 2014
Figures from the Central Statistics Office show that the number of people signing on to the Live Register fell by 3,500 on a seasonally adjusted basis in October bringing the total to 371,400, which is its lowest since March 2009 and the 28th monthly fall in a row.
The CSO said that the standardised unemployment rate in October eased to 11%, down from 11.1% in September.
This is below the euro zone average of 11.5% and down from a peak of 15.1% in February 2012.
The figures released on 5 November show that the number of men signing on last month decreased by 1.3%, while the number of women decreased by 0.4%.
They also reveal that the number of long-term claimants on the Live Register last month fell by 6.3% to 170,892.
Alan McQuaid, an economist at Merrion said the unemployment rate remains the key indicator as far as the economy is concerned. “We think that the level of unemployment will continue to fall in the final two months of 2014, dropping to 10.8 per cent by the close of the year,” he said.
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