Number unemployed down slightly in November

The seasonally adjusted number of people unemployed was 191,700 in November, a decrease of 700 when compared to October, official figures show.

Number unemployed down slightly in November

The seasonally adjusted number of people unemployed was 191,700 in November, a decrease of 700 when compared to October, official figures show.

The seasonally adjusted unemployment rate for November was 8.9%, unchanged from the revised October 2015 rate but down from 10.4% in November 2014, according to the Central Statistics Office.

Davy Stockbrokers said the figures may be revised down again in coming months when other studies are taken into account by the statisticians.

The investment company said the real unemployment rate could be closer to 8.5%

“The flat unemployment rate in November should not be taken as a strong signal of any slowdown in the labour market,” Davy said.

“Our concern is that our forecast for the unemployment rate to average 8.2% in 2016 could still prove too pessimistic.”

Last month, the seasonally adjusted unemployment rate was 10.1% for men, down from 10.2% in October 2015 and down from 11.9% in November 2014.

The seasonally adjusted unemployment rate for women in November 2015 was 7.3%, unchanged from October 2015 and down from 8.6% in November 2014.

The seasonally adjusted number of men unemployed in November 2015 was 120,700, a decrease of 1,000 when compared to the October 2015 figure of 121,700.

In November 2015 the seasonally adjusted number of women unemployed was 71,000, an increase of 300 from October 2015.

The seasonally adjusted unemployment rate for people aged 15-24 years (youth unemployment rate) was 19.5% in November 2015, down from 19.8% in October 2015.

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