Year-on-Year fall of over one quarter in unemployment rate
The latest CSO jobs figures which show that unemployment has fallen significantly over the past year. The figures from the CSO’s Quarterly National Household Survey, which specifically measures unemployment, shows that year-on-year the unemployment rate in the West has fallen by over one quarter from 10.6% at the end of 2015 to 7.9% at the end of 2016.
This means there are 4,700 fewer persons unemployed in the West, which is categorised by the CSO as Galway, Mayo and Roscommon.
Unemployment is now at its lowest in Galway, Mayo and the West since 2008 as the measures of the Actions Plan for Jobs and the Action Plan for the West continue to promote job creation and support local businesses and employers.
At its most severe, when the country was in the grip of a recession in 2011, unemployment in the West hit 17% with 36,700 out of work. The CSO figures show that the unemployment rate has plummeted by over 53% to 7.9% with over 20,600 fewer persons unemployed in the West.
The fall in unemployment and the substantial increase in the number of jobs created cannot be taken for granted. A growing economy with more jobs means more resources for us to tackle the challenges facing us. With issues such as Brexit and the new US Administration policies it is vital that we continue our focus on supporting job creation, and in turn supporting communities, across the West.