vote yes for jobs

Unemployment rate at lowest since early 2008
Updated / Wednesday, 31 Oct 2018 11:41
Emigration has played a role in keeping unemployment levels down since the financial crisis
The seasonally adjusted unemployment rate fell marginally to 5.3% in October.

It stood at 5.4% in September.

It compares to an unemployment rate of 6.6% in October of last year.

According to the latest figures from the CSO, the rate of youth unemployment fell from almost 13% in September to 12% in October.

That's down from 16.5% in October two years ago.

Alan McQuaid, chief economist with Merrion pointed out that the jobless rate in October was the lowest since February 2008.

"It's an almost eleven percentage point improvement from the peak of 16% hit in January/February 2012 during the financial crisis. Furthermore, Ireland’s jobless rate is close on three percentage points below the current euro zone average of 8.1%," he explained.

Emigration has been a factor to some degree in keeping unemployment down since the financial crisis, he pointed out.

"The labour market has improved dramatically over the past few years, reflecting the strengthening of the economic recovery," he added.
 
TECHNOLOGY NEWSNOVEMBER 8, 2018 / 11:54 AM / UPDATED AN HOUR AGO
Facebook to quadruple size of Dublin international headquarters


FILE PHOTO: A Facebook sign at the National Exhibition and Convention Center in Shanghai, China November 5, 2018. REUTERS/Aly Song/File Photo
DUBLIN (Reuters) - Facebook has taken on a long-term lease in Dublin which will quadruple the floor space at its international headquarters and allow the company to more than double its current staff of over 4,000.

Facebook said on Thursday the expansion would provide enough space for another 5,000 employees. Such an increase would make the U.S. company one of the largest multinational employers in Ireland next to the likes of Google and Apple, which each employ over 6,000 people around the country.

The social media company runs a number of global and regional teams across three office buildings in Dublin where it employs engineers, legal professionals, marketing and sales staff.

“We’re investing here for the long term,” Gareth Lambe, Head of Facebook Ireland said in a statement.

“This significant investment in a 14-acre campus with capacity for thousands more employees demonstrates our commitment to Ireland, our desire to grow our business here and continue to contribute to the economy.”

Irish Business Minister Heather Humphreys said the expansion represented a huge vote of confidence in Ireland, which aided by low corporate tax rates, counts foreign mulinationals like Facebook for around one-in-ten jobs in the fast-growing economy.

By acquiring the lease, Facebook is taking over the headquarters of Allied Irish Banks, which said previously it was moving from its offices near Dublin’s technology quarter.
 
TECHNOLOGY NEWSNOVEMBER 8, 2018 / 11:54 AM / UPDATED AN HOUR AGO
Facebook to quadruple size of Dublin international headquarters


FILE PHOTO: A Facebook sign at the National Exhibition and Convention Center in Shanghai, China November 5, 2018. REUTERS/Aly Song/File Photo
DUBLIN (Reuters) - Facebook has taken on a long-term lease in Dublin which will quadruple the floor space at its international headquarters and allow the company to more than double its current staff of over 4,000.

Facebook said on Thursday the expansion would provide enough space for another 5,000 employees. Such an increase would make the U.S. company one of the largest multinational employers in Ireland next to the likes of Google and Apple, which each employ over 6,000 people around the country.

The social media company runs a number of global and regional teams across three office buildings in Dublin where it employs engineers, legal professionals, marketing and sales staff.

“We’re investing here for the long term,” Gareth Lambe, Head of Facebook Ireland said in a statement.

“This significant investment in a 14-acre campus with capacity for thousands more employees demonstrates our commitment to Ireland, our desire to grow our business here and continue to contribute to the economy.”

Irish Business Minister Heather Humphreys said the expansion represented a huge vote of confidence in Ireland, which aided by low corporate tax rates, counts foreign mulinationals like Facebook for around one-in-ten jobs in the fast-growing economy.

By acquiring the lease, Facebook is taking over the headquarters of Allied Irish Banks, which said previously it was moving from its offices near Dublin’s technology quarter.

Better stock up on tents in the shops
 
Unemployment drops to new post-crash low of 5.3%
CSO figures show number classified as unemployed fell to 127,600 in November
about 2 hours ago
Eoin Burke-Kennedy


The Republic’s unemployment rate fell to 5.3 per cent in November, down from 5.4 per cent the previous month, according to the Central Statistics Office (CSO).
While there have been several upward revisions to the State’s jobless rate, the overall trend has been downward in keeping with the growth in employment.
The latest numbers show the number of people classified as unemployed fell by 2,500 to stand at 127,600 in November. This represented an annual decrease of 23,700 or 1.1 per cent.
Having peaked at 16 per cent at the height of the crash in 2012, the State’s jobless rate is now almost three points below the euro zone average of 8.1 per cent.
On current trends it will fall below 5 per cent next year, a rate which several agencies here equate to full employment.
 
Unemployment drops to new post-crash low of 5.3%
CSO figures show number classified as unemployed fell to 127,600 in November
about 2 hours ago
Eoin Burke-Kennedy


The Republic’s unemployment rate fell to 5.3 per cent in November, down from 5.4 per cent the previous month, according to the Central Statistics Office (CSO).
While there have been several upward revisions to the State’s jobless rate, the overall trend has been downward in keeping with the growth in employment.
The latest numbers show the number of people classified as unemployed fell by 2,500 to stand at 127,600 in November. This represented an annual decrease of 23,700 or 1.1 per cent.
Having peaked at 16 per cent at the height of the crash in 2012, the State’s jobless rate is now almost three points below the euro zone average of 8.1 per cent.
On current trends it will fall below 5 per cent next year, a rate which several agencies here equate to full employment.

Thanks Leo
 
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