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Ireland — Unemployment up to 12.6% but 'Live Register' slightly down in February

04 March 2010
According to the latest data published by the Central Statistics Office (CSO), the standardised unemployment rate in February 2010 was 12.6%. This compares with 12.4% in Q3 2009. However, the so-called 'Live Register', which includes people who work up to three days a week and seasonal and casual workers who are entitled to job seekers' allowance, decreased from 434,700 in January 2010 to 432,400 in February 2010.

In the year to 2010, there was an unadjusted increase in the 'Live Register' of 84,503 people, up by 24%. This compares with an increase of 110,664 in the year to January 2010, up by 33.9%.

Prime Minister Brian Cowen told the Irish Parliament (Dail Eireann), "while unemployment remains at a very high level, these figures confirm that the situation is stabilising."

Alan McQuaid, chief economist for Bloxham Stockbrokers in Dublin, told BusinessWeek that young people were helping to keep Ireland's jobless rate down both by leaving the country or taking extended refuge in universities.

"There does not appear to be any indication that employers are actually hiring more staff," McQuaid said. "Indeed, it is hard to see job prospects getting better unless the banking system is stabilised and money flows freely back into the economy again."

To read the full Live Register findings please click here

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