| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Irish Economy Last Updated: Jul 3, 2014 - 9:33 AM


Irish Live Register + activation program total at 475,000 in June - 22% of workforce
By Michael Hennigan, Finfacts founder and editor
Jul 2, 2014 - 2:30 PM

Email this article
 Printer friendly page

In June the non-seasonally adjusted numbers on the Live Register were at 398,800, up about 10,000 from May while the CSO's total for individuals on publicly funded activation programs was at 76,400 in May, down about 10,000 from the previous month. So assuming a similar level on activation programs in June plus the numbers on the Live Register results in a total of 475,000 or 22% of the workforce in receipt of work-related payments from public funds.

The number participating in activation programs as per the chart above are unemployed people who are counted as either employed or in education.

In May with the end of the education year, education allowances for unemployed people ended and they then signed back on the Live Register.

CSO data showed today that in the 12 months to June, there was a fall of 36,544 in Live Register numbers reflecting people getting jobs, allowances expiring or emigration.

The seasonally-adjusted total showed a fall of 4,400 in the month and the standardised unemployment rate (SUR) in June 2014 was 11.6%, down from 11.7% in May 2014.   

There were 76,561 casual and part-time workers on the Live Register in June 2014, which represents 19.2% of the total Live Register.

The number of long term claimants on the Live Register in June 2014 was 188,858. The number of male long term claimants decreased by 10,516 (-7.7%) in the year to June 2014, while females increased by 1,866 (+3.1%), giving an overall annual decrease of 8,650 (-4.4%) in the number of long term claimants.

 Of the 67,350 non-Irish nationals, the largest constituent group on the Live Register was nationals from the EU15 to EU28 States (36,772), followed by the UK (15,034).

CSO report

David McNamara, economist at Davy, commented - - "Today’s Live Register release shows the unemployment rate down to 11.6% in June from 11.7% in May. The May number was also revised down from 11.8%. Over the month, the numbers on the Live Resister fell 4,400 to 386,200, the lowest level since April 2009. Over the year to June, 36,544 claimants have left the Live Register, an 8.4% decline.

Underlying the headline numbers, the number of long-term claimants (one-year+) stood at 188,858 in June, representing 47.4% of total claimants. Encouragingly, this number continues to fall at a decent pace, down 8,650 (-4.4%) over the year. However, those on the Register for less than a year have been re-joining the workforce at a faster rate. Short-term claimants, at 209,955, were down 27,894 (-11.7%) in the year to May. As we have noted in the past, this highlights the still considerable slack in the Irish labour market at present.

But long-term unemployment still a major issue: The half-yearly statistics released today show that the number of what could be termed the ‘ultra-long-term’ unemployed has continued to grow (Figure 2). The breakdown shows that many claimants spend a very short period on the Live Register – one-third spent three months or less in H1 2014, while 41% spent less than six months. These short-term flows in and out of the Register are particularly prevalent during the summer months, illustrated by the spike in numbers each year in Figure 1.

However, 99,972 claimants were on the Live Register for three years or more in H1 2014, a 3.7% rise on H1 2013. This accounts for 26% of the total Live Register and 56% of long-term unemployed. This is the only category of unemployed that has continued to rise over the year; however, we suspect that most of those in the two to three years unemployed category have flowed into the three years + category rather than into employment. While many are now finding work as the economy recovers, a significant cohort of unemployed has struggled to find re-employment and is now at risk of structural unemployment.

Nevertheless, the final June numbers point to another solid quarter for employment growth, in-line with recent surveys. Employment growth slowed to 2.3% year-on-year in Q1, and today’s number suggests that the rate of growth accelerated again in Q2."

Related Articles
Related Articles


© Copyright 2011 by Finfacts.com

Top of Page

Irish Economy
Latest Headlines
Finfacts launches new news site
Irish Farmers & Milk Prices: 'Shackles' off in April; Demanding safety-net in August
Irish pension managed funds returns at over 12% year-to-date in 2015
Irish chartered accountants' salary packages surge 13% in 12 months
Irish services PMI fastest rate since late 2006; Official data up only 2.4% in 12 months
Irish Economy: Tax €893m above target in year to July — €653m from corporation tax
Fact and Fiction: Time to review Ireland's economic statistics?
Irish M&A deals H1 2015: Dutch or UK firm acquires Irish firm for €32.6bn - they are both American
Irish manufacturing PMI strong in July
Irish Economy: Fall in GNP in Q1 2015; GDP rises
Irish Economy 2015: Central Bank lauds strong recovery; Time to start paying down debt
Irish Budget 2016: Ibec demands 20 tax cuts, spending and investment rises
Low pay in Ireland; Lowest social security & corporate taxes in Europe
Ireland vs Greece: Enda Kenny's false claims on growth, taxes and debt
Irish standard of living in 2014 below Euro Area average, Italian level; Prices 5th highest in EU28
Irish goods exports rose a record 30% in April - due to fake tax-related transactions
Mexican tall ship to sail into Dublin on June 17th
Irish industrial production up 20% in first four months of 2015; Construction down 2.6% in first quarter
Irish Economy 2015: ESRI slams return to boom-time pro-cyclical fiscal policy
Irish pension fund returns in average range 1.6% - 1.8% in May 2015
Irish service sector PMI remains strong; Tax avoidance clouds data
Ireland: Official unemployment rate at 9.8% in May; Broad rate at 19% — 440,000 people
Ireland: Fiscal Council warns of dodgy forecasts, no plan; OECD warns of new property bubble
Irish Public Finances: Tax revenue in first five months of 2015 €734m ahead of target
No simple measure of economic progress in Ireland: GDP & GNP defective
Irish manufacturing PMI rises in May; Production up unbelievable 45% in year to March!
ESRI says data volatility hinders Irish economic forecasting; Tax avoidance taboo cause
Ireland at 16 in international competitiveness ranking; US, Singapore and Hong Kong on top
Irish Economy 2015: Sectors to add 200,000 jobs?; Broad jobless rate at 19%
Irish Export Performance: Myths and reality - Ireland is a poor exporter
Irish Economy: 41,300 jobs added in 12 months to Q1 2015 - Construction up 19,600
China-Ireland: Economic relationship on a slow burn
Estonia, Austria, France, Ireland head global alcohol rankings
Irish Exchequer Returns: Tax receipts under target in April but ahead in year
Irish service sector PMI rose in April
Irish manufacturing PMI remained strong in April- includes overseas manufacturing
Irish Live Register + 90,000 activation scheme numbers at 439,000 in April
Ireland: Coalition drops 2018 full-employment target
Ireland Spring Statement: Noonan promises 200,000 net new jobs by 2018
Irish Economy 2015: Retail sales volume up 1.4% in month of March