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Unemployment falls below 1,000 for first time in 2012

The Treasury Minister has welcomed news that unemployment fell in May to a national rate of 2.1%.

At the end of the month unemployment stood at 956.During May 195 signed on and 276 signed off, a fall of 81. 

Of the total unemployed 688 and males and 268 are females.

A total of 558 vacancies were notified to the Job Centre during the month and 228 positions were still vacant and held on file.

Eddie Teare said it was pleasing to see the total below a thousand for the first time this year. 

However, he added that these are very difficult economic times internationally and we have to expect that we are in for a continuation of the bumpy ride we’ve been experiencing in recent years.

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