RecruitAuto.ie welcomes best employment numbers since 2008

Ireland’s specialist auto industry recruitment website, RecruitAuto.ie welcomes the continued increase in employment with numbers at work at highest level since 2008.

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RecruitAuto.ie expresses satisfaction with the announcement from the Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor today, statingthe latest Quarterly National Household Survey figures from the Central Statistics Office, showing that employment has continued to increase.

More than 2 million people are now working in Ireland with 56,500 extra people, a 2.9% increase employed in Ireland in the past year. This puts us on track to surpass the 2016 Action Plan for Jobs target of creating an extra 50,000 jobs this year.

The figures from the CSO today also show that 72 per cent of all jobs created in the past year were created outside Dublin.

Employment has been growing continuously for 16 quarters and over the past year employment has grown in all regions.

The figures also show that the industries sector is the fastest growing sector in the economy while the accommodation and food service sectors and construction sectors remain strong with employment growing in 12 out of 14 economic sectors.

Speaking today, Minister Mary Mitchell O’ Connor said: “The CSO figures today are very welcome and show that our job growth is recovering. I am particularly encouraged to see figures showing the vast majority of new jobs are being created outside of Dublin as one of my key priorities remains keeping a focus on job growth in all regions around Ireland.”

The CSO figures also show that unemployment has decreased by 12.6 per cent during this year bringing the total number of unemployed to 172,500. This is the 16th consecutive quarter for job growth, and this must continue. We must rise to the challenge of ensuring that we are protected from international effects.

Continuing to develop a sustainable economy remains a key priority and the minister also stated that she intend continuing to work towards ensuring the right supports are available to all businesses so that we can maintain the momentum we have recently seen in job growth.

CSO Quarterly National Household Survey
Quarter 3 2016

Indicator Quarter 3 2016 Annual change
Employed 2,040,500  +57,500
Unemployed 177,700 -25,300
In labour force 2,218,200  +32,200
Not in labour force 1,430,300  -3,100

Employment increases by 2.9% in year to Q3 2016
There was an annual increase in employment of 2.9% or 57,500 in the year to the third quarter of 2016, bringing total employment to 2,040,500. This compares with similar annual increases in employment in the previous quarter and in the year to Q3 2015.
qnhs2016q03fig1Summary points for Q3 2016

  • The increase in total employment of 57,500 in the year to Q3 2016 was represented by an increase in full-time employment of 44,800 (+2.9%) and an increase in part-time employment of 12,800 (+2.8%). See table 1 and figure 1.
  • On a seasonally adjusted basis, employment increased by 13,500 (+0.7%) over the previous quarter. This follows on from a seasonally adjusted increase in employment of 18,900 (+0.9%) in Q2 2016, an increase of 16,100 (+0.8%) in Q1 2016, an increase of 8,000 (+0.4%) in Q4 2015 and an increase of 12,100 (+0.6%) in Q3 2015. See table 3.
  • The seasonally adjusted unemployment rate fell from 8.3% to 7.9% over the quarter, while the seasonally adjusted number of persons unemployed decreased by 9,500. See table 3.
  • Unemployment decreased by 25,300 (-12.5%) in the year to Q3 2016 bringing the total number of persons unemployed to 177,700. This is the seventeenth quarter in succession where unemployment has declined on an annual basis. See table 1.
  • The long-term unemployment rate decreased from 5.0% to 4.2% over the year to Q3 2016. Long-term unemployment accounted for 52.0% of total unemployment in Q3 2016 compared with 54.1% a year earlier and 56.7% in the third quarter of 2014. See table 6.
  • The total number of persons in the labour force in the third quarter of 2016 was 2,218,200, representing an increase of 32,200 (+1.5%) over the year. This compares with an annual labour force increase of 13,500 (+0.6%) in Q3 2015. The number of persons not in the labour force in Q3 2016 was 1,430,300, an increase of 3,100 (+0.2%) over the year. See table 1.

Unemployment

  • Male unemployment decreased by 17,100 (-13.4%) to 110,200 over the year to Q3 2016, while female unemployment decreased by 8,200 (-10.8%) to 67,500 over the same period. See tables 1 and 7.
  • In the year to Q3 2016, the number of persons classified as long-term unemployed decreased by 17,500 (-15.9%), bringing total long-term unemployment to 92,300. Short-term unemployment decreased by 7,400 (-8.4%) over the year to 80,200.
  • The unemployment rate for 15-24 year olds (youth unemployment rate) decreased from 20.7% to 17.7% over the year to Q3 2016.
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