MidWest Unemployment Halves In Three Years

The number of people who are unemployed in the MidWest has reduced by half in the past three years.

New CSO figures show there are fewer than 11,000 people classified as unemployed in Clare, Limerick and Tipperary..

These CSO figures are the latest sign of an economic recovery taking hold in Clare, and the wider MidWest.

CONTINUE READING BELOW

They show 10,900 people in the region are currently classified as unemployed, out of a labour force of almost 230 thousand, less than half the amount recorded at the same time three years ago.

The unemployment rate of 4.8% is the lowest of any region in Ireland, and the lowest recorded here since the economic boom.

The figures aren’t entirely rosy – the total size of the region’s labour force has shrunk by 7,000 in the past three years.

While there’s no official explanation for this, it suggests that there has been a slowdown of inward migration, and that a large number of people have likely moved to other regions – or other countries – in that timeframe.