Overall Decrease in Unemployment Figures Good News

Resolute Action on Reform Still Required

Chambers Ireland has today (04/01/13) said that the latest CSO Live Register figures, which show a standardised unemployment rate of 14.6% in December 2012, down 0.3% since the beginning of the year, show that Ireland is slowly but steadily on the road to recovery.

Speaking this morning, Ian Talbot, Chambers Ireland Chief Executive, said “During 2012 there has been a decrease in the standardised rate of employment from 14.9% to 14.6%. This decrease coupled with growth in tax receipts, an apparent boost in retail sales and our ongoing meeting of Troika targets is confirmation that Ireland is on the right track.”

“This week’s news has been positive but must still be seen in the context of the continued enormous current account deficit of over €1 billion a month. We cannot afford to ease up on the continued public sector reform program needed to get the country back on its feet permanently,” he concluded.

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For further information contact Amy Woods, Chambers Ireland on 01 400 4319, 086 6081605 or email amy.woods@www.chambers.ie