Irish Jobless Rate Drops Further to 5.3% in October

Irish seasonally adjusted unemployment rate went down to 5.3 percent in October of 2018 from 5.4 percent in the previous month. It remains the lowest jobless rate since February of 2008.

The seasonally adjusted number of unemployed persons was 126,400, down from 129,800 when compared to September figure and a decrease of 29,400 when compared to October last year.

The unemployment rate for males was recorded at 5.5 percent, down from 5.7 percent in September and compared to 6.9 percent a year earlier; while for females it dropped to 4.9 percent from 5.1 percent in the previous month and 6.2 percent in October of 2017. The number of males unemployed fell by 1,300 from the previous month to 71,800 and the number of females declined by 2,100 to 54,600.

The youth unemployment rate which applies to the 15-24 age group decreased to 12.0 percent in October from 12.9 percent in the prior month. It is the lowest jobless rate since May of 2008. 

Unemployment has fallen sharply since the jobless rate hit a high of 16 percent in early 2012.

Irish Jobless Rate Drops Further to 5.3% in October

CSO | Luisa Carvalho |
10/31/2018 12:41:23 PM