Thomas P. Broughan
Question:34 Mr. Broughan asked the Tánaiste and Minister for Enterprise, Trade and Employment her views on recent rises in the numbers on the live register; and the Government's plans for a new employment action plan. [6617/02]
Vol. 550 No. 5
34 Mr. Broughan asked the Tánaiste and Minister for Enterprise, Trade and Employment her views on recent rises in the numbers on the live register; and the Government's plans for a new employment action plan. [6617/02]
The latest quarterly national household survey, QNHS, for the fourth quarter of 2001 shows that the unemployment rate increased to 4.0%, or 72,600 persons, from 3.9% in the same quarter in 2000. This compares with a rate of 10.3% in 1997. Long-term unemployment remained static at 1.2% or 21,300 persons in the fourth quarter. A a year earlier the rate was 1.4%, while in 1997 it was 5.6%. The latest seasonally-adjusted live register total for February 2002 is 160,800. This compares with 137,900 a year earlier and 260,800 in February 1997. I should also point out that employment increased by 42,600 in the year to the fourth quarter of 2001. The latest employment figure of 1,752,900 compares with 1,379,900 in 1997, that is, an increase of 373,000 in the number of people at work.
The bulk of the increase in unemployment has taken place since September 2001. The recent increase is due in the main to the global economic slowdown, particularly in the technological sector. There is a general view that unemployment will rise in 2002 but that good economic and employment growth will return in the medium term. The Department of Finance in its stability programme forecasts an unemployment rate of 4.75% in 2002 and employment growth of 1.4%.