Written answers
Thursday, 24 April 2008
Department of Finance
Unemployment Levels
5:00 pm
Aengus Ó Snodaigh (Dublin South Central, Sinn Fein)
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Question 47: To ask the Tánaiste and Minister for Finance if his Department has revised the forecast rate of unemployment and the growth rate in employment contained in budget 2008. [15246/08]
Brian Cowen (Laois-Offaly, Fianna Fail)
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On Budget day, my Department projected that unemployment, based on the classification used in the CSO Quarterly National Household Survey, would average 5.6 per cent for this year and that employment would rise by 1.1 per cent. These forecasts were, and remain, broadly in line with the market consensus. My Department, as always continues to monitor the emerging labour market position, including developments in terms of the Live Register.
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