Chambers Ireland: Economy 'stabilizing'
Chambers Ireland has said that the latest figures from the CSO give a further indication of "stabilization" in the wider economy.
While the standardised rate of unemployment has risen marginally by 0.1% to 14.4%, the wider data indicates a significant levelling off in the growth of unemployment.
The organisation noted that the seasonally adjusted Live Register has stayed in the range of 441,100 and 449,600 for the past 12 months.
Seán Murphy, Chambers Ireland Deputy Chief Executive, said: "These figures underscore the need for the rapid execution of mooted reforms to the Irish labour market signalled by the Government over the summer.
"While we welcome the fact that unemployment levels appear to be stabilizing, our numbers of unemployed are too high and need to fall.
"We need to ensure that proposals to significantly reform our labour regulations are acted upon as current structures are impeding job creation and the sustainability of jobs. Reform is urgently needed to enable flexibility and in turn support the business case for employment. We also need to make work pay."
