IT: Unemployment falls to 12.9%

[robd]

irishtimes.com/newspaper/bre … ing29.html

The number of people unemployed continued to rise in the first quarter of 2010, although the unemployment rate fell on a seasonally-adjusted basis.

The number of persons unemployed rose by 23.4 per cent in the year. 52,200 more people were unemployed in the first quarter of 2010 than in the first quarter of 2009, bringing the total number of persons unemployed to 275,000.

However, figures from the CSO show that the picture is stabilising somewhat, with the rate of decline in employment slowing to 5.5 per cent in the first quarter of 2010 compared to an annual decrease in employment of 8.1 per cent in the previous quarter and a decline of 7.5 per cent in the year to the first quarter of 2009.

When seasonal factors are taken into account there was a quarterly decrease of 7,300 in the numbers unemployed with the seasonally adjusted unemployment rate decreasing from 13.3 per cent to 12.9 per cent over the quarter.

The number of unemployed males increased by 36,500 or 23 per cent on a year-on-year basis, while female unemployment increased by 15,700 or 24.3 per cent. Once again, the downturn in the construction sector continued to account for most of the male job losses according to the government’s statistic agency.

On a seasonally adjusted basis the number of persons unemployed decreased by 7,300 between Q4 2009 and Q1 2010.

One other trend highlighted in the figures is an increase in the number of long-term unemployed. The long-term unemployment rate now stands at 5.3 per cent compared with 2.2 per cent in the first quarter of 2009. As of Q1 2010, long-term unemployment accounted for 40.9 per cent of total unemployment compared with 22 per cent a year earlier.

In the year to Q1 2010, the number of long-term unemployed persons increased by 63,500, bringing total long-term unemployment to 112,600

And here we we’re all expecting it to go up.

Guess it’s dropping due to emigration, benefits running out (and other half in employment), take up of courses.
So really the total number in employment is probably a more useful stat now.

[Dubhgeannain]

The headline: “Unemployment falls to 12.9%”

The first sentence: “The number of people unemployed continued to rise in the first quarter of 2010, although the unemployment rate fell on a seasonally-adjusted basis.”

Shoddy shoddy shoddy

[yoganmahew]

@robd

Guess it’s dropping due to emigration, benefits running out (and other half in employment), take up of courses.
So really the total number in employment is probably a more useful stat now.

Yep. You’d also want to add about 45,000 on to the figure that should be added to the workforce each year - the difference between new entrants (70,000ish) and leavers (25,000). We have a population bulge coming out of school/college at the moment, hence the disparity between the two. Or so I believe!

[coc]

I was wondering about that. When was it ever above 12.9%? 1985?

[mr_anderson]

Emigration.
I would suspect that a lot of foreign construction workers, who have no specific ties to Ireland, have decided to bail home or whereever the next building project lies.

There are definately Irish emigrating, but thankfully, not in the same numbers as our recent history.

[bob3367]

@robd

So really the total number in employment is probably a more useful stat now.

**In labor force 2,132.7
In employment 1,857.6
full-time 1,444.5
part-time 413.1
not underemployed 399.1
underemployed 14.0 **
Unemployed 275.0
seeking full-time work 256.3
seeking part-time work 18.8
Not in labor force 1,383.3
Marginally attached 23.3
Others 1,360.0
Total aged 15 or over 3,516.0

This is from the Q1 Household survey. It should answer your question.

[Pyramid5]

The bulk of the decline in the labour force is due to a decline of 38,800 in participation - whereby people return or stay on in education, look after children or otherwise stop seeking work.

When people who are classed as being outside the labour force (and not, therefore, officially unemployed) but who also show some interest in obtaining work are taken into consideration, the rate of unemployment increased from 14 per cent in the first quarter of 2009 to 17 per cent in the first quarter of 2010.

Negative demographic effects, mainly net inward migration, also reduced the size of the labour force by a further 17,000.

[Arbitrager]

Employment plummets by 30,100 in Q1___Tuesday, June 15
The numbers in employment in Ireland plummeted by 30,100 in the first quarter of this year compared to the last three months of 2009 and by 108,000 compared to the same period a year ago while the numbers unemployed rose by 275,000, the latest figures from the CSO reveal.
The Quarterly National Household Survey shows that were 1,857,600 persons in employment in the first quarter of 2010, an annual decrease of 108,000 or 5.5pc. This compares with an annual decrease in employment of 8.1pc in the previous quarter and a decline of 7.5pc in the year to the first quarter of 2009.
There was an annual decrease of 80,400 or 7.5pc in the number of men in employment, while the number of women in employment decreased by 27,500 or 3.1pc.
There were 194,900 males and 80,200 females unemployed in the first quarter of 2010, bringing the total number of unemployed up to 275,000, an increase of 52,200 (+23.4pc) in the year. The number of unemployed males increased by 36,500 (+23.0pc), with female unemployment increasing by 15,700 (+24.3pc).
On a seasonally adjusted basis the number of persons unemployed decreased by 7,300 between Q4 2009 and Q1 2010.
In the year to the first quarter of 2010, the number of long-term unemployed persons increased by 63,500, bringing total long-term unemployment to 112,600…businessworld.ie/livenews.htm?a=2618418
This brings the unemployment rate to a level comparable with that of 1994 and 1995
when the unemployment rates were 14.7pc and 12.2pc respectively.

[Blindjustice]

rte.ie/business/2010/0615/cso.html

figures from the Central Statistics Office also show the rate of decline in the amount of people at work has eased slightly to 5.5% compared to an 8.1% decline the same time a year ago.

The CSO figures noted a 7.5% annual decrease in the number of men in employment, while the number of women fell by 3.1%.

cso.ie/releasespublications/ … t/qnhs.pdf

Employment has decreased by over 108,000 in the last 12 months (over 2,000 a week decrease or 296 a DAY!).
Unemployment has increased by 52,000 in the last 12 months.
56,000 missing persons

[Blindjustice]

@Arbitrager

Employment plummets by 30,100 in Q1

thats 2,583 a week higher loss of employment in this first quarter than the rate for the past 12 months.
Things are getting worse. This is in line with other evidence such as:

irishtimes.com/newspaper/bre … ing22.html

insolvencyjournal.ie/news/10 … r_Day.aspx

the number of receivership appointments so far this year has already surpassed the total for 2008.

There was a 34 per cent increase in the number of companies placed in liquidation, receivership or examinership in the first three months of the year when compared with the same period last year.

Figures compiled by the FGS accounting and consultancy firm show 469 companies were placed in liquidation, receivership or examinership in the period compared to 351 in the same period in 2009.

but hey car sales are up, it`ll be grand, the spoilt tiger cubs can work for nothing or go see the world as our buddies Bill Cullen and Mary Coughlan say

[Open_Window]

I’m looking on the CSO but I can’t find the peak month of employment, or peak period versus latest employment figure.

Anyone got a month by month doc?

[bob3367]

@Open Window

I’m looking on the CSO but I can’t find the peak month of employment, or peak period versus latest employment figure.

Anyone got a month by month doc?

You’ll have to bring them all in to say “Excel” and maniputate, I tried it but it just drove me mad, I opened tabs for each piece of data, and literally formatted the cells one by one, I could’nt even reconcile the topline numbers, as spaces that I can’t see were in there.( and i did reformat the cells)

There is no formal sheet AFAIK… that would make it easy for us.

[wench]

The data are available in the database direct section of the website.

cso.ie/px/pxeirestat/databas … esults.asp

At the bottom of the page for each statistic is a dropdown which will let you export to an excel file.

[Mossy_Heneberry]

What I like to know is what percentage of people are underemployed.

[Blindjustice]

@Mossy_Heneberry

What I like to know is what percentage of people are underemployed.

Figures are in here
cso.ie/releasespublications/ … t/qnhs.pdf
page 6

14,000 people in total apparently