According to the Central Statistics Office the Irish unemployment rate has fell to a new post-crash low of 7.2% in December 2016. Comparing it to a rate of 7.3 % in November 2016. Making it the lowest recorded rate since August 2008.
The Labour market has improved dramatically in recent years however could the high immigration percentage contribute to the economic recovery ?
Minister for Social Protection Leo Varadkar welcomed the further fall in monthly unemployment.
“Today’s figures confirm that our economy has continued to improve during 2016 resulting in a reduction of 35,500 in the number of people who are unemployed,” he said.
“I am determined to continue to make more changes for the better this year to ensure that the benefits of economic recovery are felt by every individual, household and region in the country through reduced unemployment, higher living standards and enhanced social protection.”
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