Jobs boom: More Waterford people now at work than peak of Celtic Tiger years
There are more Waterford people working now than they were during the Celtic Tiger era.
For the first time in nearly 12 years, unemployment in Waterford has fallen below 7,000 and less than 5.7% of the total population of the county is signing on the live register.
The latest figures from the Central Statistics Office reveal just 6,601 people signing on the live register in Waterford in September, down nearly 600 on the previous month (a near 10% drop).
The latest live register numbers have not been this low since December 2007, when just 6,625 people were signing on in Waterford.
The lowest recorded live register figures for Waterford (since the CSO began recording the data) was in May 2002 when just 5,520 people were signing on. According to the census taken in 2002, just 101,961 people were living in Waterford at the time. This represented 5.45% of Waterford’s total population signing on the live register.
Today’s figures show just 6,601 (5.67%) people in Waterford are on the live register out of a population of 116,401.
Prior to the bust in late 2008, 107,961 people were living in Waterford and more than 6.2 % were signing on.
The severity of Waterford’s economic bust is visible in the figures released by the CSO. In just 18 months between January 2008 and July 2009, unemployment more than doubled, with more than 15,000 people on the live register in Waterford. It peaked in July 2010 when 15,614 people were signing on, or 13.75% of the total population of Waterford.
As recently as July 2015, 13,000 people in Waterford were on the live register.