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November 6th, 2012 @ 09:30

Live Register Figures Indicate Ongoing Stabilisation

Chambers Ireland has today said that the latest CSO figures indicating that the standardised rate of unemployment remained unchanged at 14.8% in October 2012 when compared with September 2012 indicates further stabilisation in the economy.

Speaking this morning, Seán Murphy, Chambers Ireland Deputy Chief Executive said, “While the rate of standardised unemployment is still too high the fact that it has remained relatively steady this year is a positive.”

“With Christmas coming up, there should be a further increase in seasonal employment. These figures combined with more solid VAT and other tax receipts indicate that we may well be bumping along the bottom looking up rather than continuing on the downward trajectory experienced over the past four years.”

“Our high levels of unemployment underline the need to support jobs and reduce the uncertainty created by some in Government seeking to pass sick pay costs on to private sector employers. These efforts must be stopped,” he concluded.

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