Ireland’s unemployment rate is 4.7%, down from last year – CSO

The country’s unemployment rate for May 2022 was 4.7%, down from a rate of 4.8% in April 2022 and down from 6.9% in May 2021. According to the Central Statistics Office report.

The seasonally adjusted number of persons unemployed was 127,500 in May 2022, compared to 129,900 in April 2022. When compared to May 2021, there was an annual decrease of 46,700 in the seasonally adjusted number of persons unemployed.

In May 2022 the seasonally adjusted unemployment rate was 4.7% for males, down from 4.9% in April 2022, and down from 7.0% in May 2021.

The seasonally adjusted unemployment rate for females was 4.6% in May 2022, down from 4.7% in April 2022, and down from 6.8% in May 2021.

The seasonally adjusted number of males unemployed in May 2022 was 68,200 compared to 69,500 in April 2022.  In May 2022 the seasonally adjusted number of females unemployed was 59,300 compared to 60,400 in April 2022.

The seasonally adjusted unemployment rate for persons aged 15-24 years (youth unemployment rate) was 4.9% in May 2022 down from 5.6% in April 2022.

The seasonally adjusted unemployment rate for persons aged 25-74 years was 4.6% in May 2022 down from 4.7% in April 2022.

Commenting on today’s figures, Jack Kennedy, economist at global job site Indeed, said that fears about the rising cost of living and the economic impact of the war in Ukraine failed to dent the positive employment trend.

Jack Kennedy said that employment trends are still positive, but Indeed’s data shows that employers hiring demands have eased in recent weeks as downside risks to the economy have grown.

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