Posted at: 05/30/2013 9:06 AM
Irish unemployment hits 3-year low of 13.7 percent
(AP) DUBLIN - Ireland’s unemployment rate has fallen to a three-year low of 13.7 percent, reflecting a mixed picture involving overall jobs growth combined with higher rates of young people giving up the hunt or emigrating.
The Central Statistics Office report Thursday explained why Ireland’s unemployment rate has improved since peaking at 15.1 percent last year.
It said the number of unemployed people actively seeking work fell in April to 292,000, 9.3 percent lower than a year ago. The number in work rose 1.1 percent over the 12-month period to nearly 1.85 million.
But most job gainers are aged 35 or older, and much of the new work is for part-time positions.
Those aged 15 to 34 in the labor force fell by more than 42,000, or 5 percent, over the year.
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