ANALYSIS of the latest CSO employment data shows Limerick and the Mid-West has the highest rate of job creation of any region in the county, according to Fine Gael’s Deputy Kieran O’Donnell.
The National Quarterly Household Survey shows the numbers in employment in the Mid-West grew from 148,000 to 155,600 over the third quarter of 2014. This amounts to 585 jobs a week being created, said a “very encouraged” Deputy O’Donnell.
“Across the CSO’s main regional employment rankings, the Mid-West is number one by some distance. In fact, since March, employment is being created at a higher rate in the Mid-West than in any other region, including Dublin. Over the last six months, 11,100 new jobs have been created in the region.”
The overall unemployment rate in the Mid-West stood at 11.4% at the end of September, higher than the national rate of 10.9%. But Deputy O’Donnell is heartened to see that gap closing quickly.
“And though it remains too high, the unemployment rate is also dropping faster in the Mid-West than in any other region.
“One of the significant findings of the CSO is that almost every region is starting to improve. This indicates that the pick-up in the economy is spreading and gathering pace. The Mid-West is simply improving at a faster pace than anywhere else.
“Now that regions outside of the capital are beginning to benefit from the economic recovery, I expect that this growth will continue, with Limerick being well placed to capitalise,” stated Deputy O’Donnell.