4th February 2015
The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today (Wednesday) welcomed the publication of the latest Live Register figures, showing a continuing fall in the numbers of people signing on, marking 38 consecutive months of decrease.
All 8 regions have shown fall in live register over past 12 months
4th February, 2015
The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today (Wednesday) welcomed the publication of the latest Live Register figures, showing a continuing fall in the numbers of people signing on, marking 38 consecutive months of decrease.
The figures also show signs that the positive trends are accelerating, such as:
- the drop in January 2015 was approx 1300 larger than the drop in January 2014
- the drop during 2014 was 10,000 larger than the drop during 2013
The figures also show that, in gross terms, over 141,000 people left the live register to take up work during 2014. This means that the exit rate from the live register into work is running at almost 40% - up from 33% in 2012. This provides an indication of the level of churn in the labour market and the degree to which new jobs opportunities are impacting on the numbers of people on the live register.
Every person who leaves the Live Register to take up employment saves the Exchequer approximately €20,000 per annum in reduced social welfare expenditure and increased tax revenue, and helps to create a reinforcing cycle of positive economic benefits.
Welcoming today’s figures, Minister Bruton said:
“Every job created is a life changed, a family improved, a community enhanced. It is by increasing job creation that we can grow tax revenues and ultimately improve people’s lives through better services and tax cuts. That is why we have placed job-creation at the very heart of the Government’s agenda.
“Today’s figures offer further confirmation that the plan is working. However, with unemployment still at 10.5% and many people around the country yet to feel the benefits, we have a long way to go.
“Regional job creation is a key focus of Action Plan for Jobs 2015. Today’s figures provide encouraging news on this front, with the live register now falling in all 8 regions. The focus now is to build on and accelerate this, to ensure that every community in the country feels the benefits of the recovery.
“The recovery remains fragile. If we continue to implement the right policies, through the Action Plan for Jobs and Pathways to Work, I am convinced that we can accelerate the jobs growth and secure full employment by 2018. This won’t happen automatically – it will depend on carefully designed plans, well implemented.
“However today’s figures give us further confidence that if we continue to implement our plans, we can continue to grow jobs right around the country – ultimately delivering better services, putting money into people’s pockets, and improving people’s lives”.
ENDS
For further information contact:
Press Office, Department of Jobs, Enterprise and Innovation (01)-6312200 or press.office@djei.ie
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