THE NUMBER OF unemployed people on the Live Register has fallen below 300,000 this month.

There are 1,800 fewer people on the Live Register in August 2016, in comparison to last month, according to new figures from the Central Statistics Office.

The figures show that there are now 299,200 people officially signed on, compared with 340,700 from this time last year.

Seasonally adjusted figures judges the effects of the particular factors of a certain time of year – such as summer peaks and strikes – and adjusts the base figures accordingly to better reflect the actual levels of people signed on.

When you don’t take into account seasonal adjustment the figures for this month are 316,296.

This represents an annual decrease of 42,780 (11.9%).

The number of long-term claimants on the Live Register in August 2016 was 140,346, with the number of male long-term claimants decreasing by 18,051 (17.2%) in the year to August 2016.

Long term female claimants decreased by 5,872 (9.9%), giving an overall annual decrease of 23,923 (-14.6%).

Last month, 175,950 (55.6%) of all claimants on the Live Register were short-term claimants, comparable to August 2015 when 194,807 were short-term.

Persons claiming aged 25 and over has decreased by 32,423 (10.5%), and the number of persons aged under 25 decreased by 10,357 (20.8%).

Annual decreases in persons aged under 25 have occurred in all months since July 2010. The percentage of persons aged under 25 on the Live Register now stands at 12.5% for August 2016, down from 13.9% in August 2015 and 15.4% in August 2014.

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