03 December 2008

Unemployment Rate in Ireland reaches 7.8%

The latest unemployment figures from the Central Statistics Office (CSO) show another record number of Irish people signing on to the Live Register in November.

16,900 people signed up for unemployment payments or Social Welfare credits last month. This brings the total to 277,200 - the highest level since September 1996.

In the year to November, the Live Register saw an unadjusted increase of 106,864 - a jump of 66.1%. This compares with an unadjusted increase of 94,502 or 60% in the year to October.

The figures released today show that another 13,600 men signed on the Live Register in November, reflecting the ever slowing construction industry. There was also an increase of 3,300 women.

The CSO says that the standardised unemployment rate in November rose to 7.8% from a rate of 7.4% in October.

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