50,000 will find a job as economic growth surges

Posted by | August 07, 2014 | Employment News | No Comments

Tens of thousands of people are set to be lifted off the dole queues next year as the economic recovery gathers pace. The numbers at work will jump by 52,000 next year, with unemployment dropping below 10pc for the first time in six years.

The Economic and Social Research Institute (ESRI) has also predicted the economy will grow 3pc this year – much faster than the 2.1pc estimate from the Department of Finance.

ERSI economist David Duffy said the domestic economy was starting to make a contribution to the recovery. “We’re starting to see more balance emerging in the growth,” he said. “Sentiment is picking up on the back of a more positive economic outlook and people having a more positive perception of the labour market.”

The last time the unemployment rate was below 10pc was in 2009, when it hit 9.5pc. The number of people on the Live Register last month fell to almost 383,000.

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