Ireland Long Term Unemployment Rate - Forecast

Long Term Unemployment Rate in Ireland is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Ireland to stand at 2.90 in 12 months time. In the long-term, the Ireland Long Term Unemployment Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.


Ireland Long Term Unemployment Rate
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Ireland Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 5.8 5.9 5.8 5.5 5.2 5
Employed Persons 2225 2250 2300 2350 2400 2500
Unemployed Persons 144 136 134 132 136 141
Unemployment Change -100 4910 1500 2280 -2640 1040
Part Time Employment 462 450 455 460 465 480
Full Time Employment 1762 1870 1920 1970 2020 2150
Labor Force Participation Rate 62.3 62.4 62.6 62.8 63 64.5
Long Term Unemployment Rate 2.5 2.5 2.7 2.7 2.9 3.2
Youth Unemployment Rate 11.9 11.8 11.5 11.2 11 10.5
Labour Costs 72.1 82 85 85 82 92
Minimum Wages 1614 1614 1614 1614 1660 1720
Wages in Manufacturing 890 845 840 875 895 895
Population 4.77 4.86 4.86 4.86 4.88 4.94
Retirement Age Women 66 66 66 66 66 66
Retirement Age Men 66 66 66 66 66 66
Initial Jobless Claims 35047 34400 36200 32800 33200 30200
Productivity 162 165 168 170 172 180
Employment Change 0.7 0.5 0.5 0.5 0.4 0.4
Employment Rate 68.3 68.9 69 69.1 69.4 68.6