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Unemployment rate dips below 12pc in Feb

Wednesday, March 05 11:27:59

The standardised unemployment rate in February 2014 was 11.9pc, down from 12.0pc in January 2014 as 2,500 fewer people signed on the Live Register, latest CSO figures show today.

On a seasonally adjusted basis the Live Register total recorded a monthly decrease of 2,500 in February 2014, reducing the seasonally adjusted total to 398,300.

In unadjusted terms there were 398,069 people signing on the Live Register in February 2014. This represents an annual decrease of 30,807 (-7.2pc).

The seasonally adjusted unemployment rate from the most recent Quarterly National Household Survey (QNHS) was 12.1pc in the fourth quarter of 2013.

On a seasonally adjusted basis the Live Register showed a monthly decrease of 1,900 males in February 2014, while females decreased by 500 over the same period.

The number of male claimants decreased by 25,474 (-9.3pc) to 247,381 over the year while female claimants decreased by 5,333 (-3.4pc) to 150,688. This compares with a decrease of 10,595 (-3.7pc) to 272,855 for males and an increase of 49 to 156,021 for females in the year to February 2013.

The number of long term claimants on the Live Register in February 2014 was 180,496.

The number of male long term claimants decreased by 9,908 (-7.4pc) in the year to February 2014, while females increased by 937 (+1.7pc), giving an overall annual decrease of 8,971 (-4.7pc) in the number of long term claimants. See table 7 and graph above.

In February 2014, 54.7pc (217,573) of all claimants on the Live Register were short term claimants. The comparable figure for February 2013 was 55.8pc (239,409). The annual fall of 21,836 (-9.1pc) in the number of short term claimants consisted of a decrease of 15,566 (-11.2pc) in the number of male short term claimants and a decrease of 6,270 (-6.3pc) in female short term claimants.