The number of people at work in the April-June period fell by nearly 14,000, the biggest three-month fall in a year, according to the Central Statistics Office. The figures appear to dash hopes that employment growth is at hand.
They show there were 1,783,400 people employed on a seasonally adjusted basis in the second quarter, meaning there are 357,000 fewer people at work since employment peaked in 2007.
Minister for Jobs Richard Bruton last night acknowledged the continued fallout from the collapse of the “bubble economy”, but said “the sectors on which we will build the future economy are now showing signs of growth”.
That’s good, because, by all accounts, increasing jobless figures just dashed hopes of growth.
Increasing jobless figures dash hopes of growth (Dan O’Brien, Irish Times)