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Irish unemployment one of fastest falling in the EU

Unemployment in Ireland is falling faster than almost everywhere else in the European Union. New ...
Newstalk
Newstalk

11.30 3 Jun 2014


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Irish unemployment one of fast...

Irish unemployment one of fastest falling in the EU

Newstalk
Newstalk

11.30 3 Jun 2014


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Unemployment in Ireland is falling faster than almost everywhere else in the European Union.

New figures from Eurostat show only two EU member states - Hungary and Portugal - have seen larger falls in the number of people out of work.

The highest increases in unemployment were found in Cyprus which saw rates go from 15.6% to 16.4% and the Netherlands from 6.5% to 7.2%.

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The Irish unemployment rate stood at 11.9% at the end of April which is down from 13.7% a year previously.

That is compared to 11.7% in the Eurozone, and 10.4% across the entire EU.

Among the EU Member States, the lowest unemployment rates were recorded in Austria (4.9%), Germany (5.2%) and Luxembourg (6.1%).

While the highest was seen in Greece (26.5%) and Spain (25.1%).

However, unemployment among under-25s stands at 24.3% - higher than the average in either the Eurozone or the EU as a whole.


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