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Treasury Minister comments on unemployment rate 9 November 2010

REGISTERED unemployment in the Island stood at 753 at the end of October, a slight increase of five on the previous month’s figure but 135 fewer than the same time last year. There were 245 vacancies at the Job Centre at the end of the month.

Treasury Minister Anne Craine MHK commented:

‘The latest unemployment statistics show that the Island’s economy is continuing to hold up well. There is no room for complacency in these matters, but it is interesting to note that our unemployment rate of 1.8% - that is the number of people unemployed and signing on for benefit, the so-called claimant count measure – compares with rates of 4.8% in the UK and 6.5% in the Irish Republic.’

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