QHNS Q3 2013
This post was written by Seamus Coffey
Employment is up 58,000 in the year. Full-time employment accounts 53,500 of that. Concerns about the distribution of the numbers employed into each sector remain (particularly the Agriculture, Forestry and Fishing sector). There was a 30,200 increase in the numbers self-employed and a 27,300 increase in the number of employees.
Unemployment using the QNHS is now at 282,900, a drop of 41,700 over the year. Self-classified unemployment is at 326,700 down 45,000 in the last 12 months.
The unemployment rate was 13.0 percent in Q3 (seasonally adjusted 12.8 percent). Using the Live Register the CSO project that the SA rate in October was 12.6 percent.
The labour force has increased by 16,000 in the same time with a 0.5pp annual increase in the participation rate to 60.7 percent.
The number unemployed for one year or longer fell 27,800 of which 25,800 were males. The long-term unemployment rate is 7.6 percent (8.9 percent a year ago).
Youth unemployment (15-24) has fallen from 74,000 to 60,400 with the youth unemployment rate at 26.5 percent. The youth unemployment ratio is 10.3 percent.
There is lots more detail in the release. The Earnings and Labour Costs Survey for Q3 has also been released.