More than 13,000 jobs were created by multinational companies in Ireland in 2011, but 6,000 jobs were lost in the same sector, leaving a net increase of 7,000. This represents an increase of 20% of the number of jobs created by IDA-backed companies in 2010 and the best net job increase for the past decade.
Among the companies creating new jobs were social media, IT, manufacturing, financial services and pharma companies. These included Twitter, Paypal, Intel, IBM, Coca-Cola and Pfizer.
An estimated 145,000 people are employed by companies which were attracted to Ireland by the IDA Ireland and nearly 150 FDI investments were made in this country last year. 61 were multinational companies investing in Ireland for the first time.
The latest figures from the CSO show that the number of people signing on to the Live Register fell by 0.5 per cent over 2011 with 434,784 people signing on in December, matching the figure for April 2011. There was a slight decrease in the standardised unemployment rate by 0.1% to 14.3%. This represents an increase of 0.5% over the 2010 rate when the average rate during the year was 13.7%.
The number of longterm unemployed and on the live register continued to grow during 2011, with the number of long term claimants on the Live Register increasing by 16.4 per cent.
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