Ireland Labor Force Participation Rate - Forecast

Labor Force Participation Rate in Ireland is expected to be 61.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Ireland to stand at 62.00 in 12 months time. In the long-term, the Ireland Labor Force Participation Rate is projected to trend around 64.00 percent in 2020, according to our econometric models.


Ireland Labor Force Participation Rate
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Ireland Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 6.2 5.7 5.5 5.4 5.2 5
Employed Persons 2192 2095 2100 2443 2200 2300
Unemployed Persons 164 138 136 163 137 141
Unemployment Change 3059 -4720 4910 -396 2280 1040
Part Time Employment 434 456 458 429 478 498
Full Time Employment 1751 1670 1680 1967 1750 1880
Labor Force Participation Rate 61.8 61 61.2 62.71 62 64
Long Term Unemployment Rate 3.1 4 3.7 2.16 3.7 3.4
Youth Unemployment Rate 13.7 12.5 12.2 12 11.8 10.5
Labour Costs 81.5 92 94 82.09 100 110
Minimum Wages 1563 1580 1580 1580 1580 1620
Wages in Manufacturing 827 872 834 830 856 872
Population 4.77 4.86 4.86 4.86 4.86 4.94
Retirement Age Women 66 66 66 66 66 66
Retirement Age Men 66 66 66 66 66 66
Initial Jobless Claims 37833 40400 41122 42699 39500 38900
Productivity 139 145 146 139 148 155
Employment Change 1.1 0.6 0.5 0.74 0.5 0.4
Employment Rate 68 66.2 66.4 68.07 67 68