Irish Unemployment Falls Less Than Expected in Q1

The unemployment rate in Ireland has fallen less than expected in the first quarter of the year.

The change, from 12.2% to 12%, failed to reach a 11.8% rate estimated in recent claims data.

Unemployment fell for the eighth quarter in a row from a high of 15.1%, but did not match the eurozone average of 11.8%.

The number of employed people rose by 1,700 from the previous quarter, the Central Statistics Office said.

However, in the fourth quarter of last year there was a 10,600 gain in the number of people employed.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza