Ireland’s seasonally adjusted unemployment rate for August 2022 is increased slightly to 4.3% from a rate of 4.2% in July 2022, according to figures released today from the Central Statistics Office (CSO).
The new figures show that Ireland’s labour market continues to remain tight amid a growing cost-of-living crisis and soaring inflation. July’s rate was Ireland’s lowest unemployment rate in 21 years.
The rate of 4.3% in August 2022 is lower than the pre-pandemic level of 5.0% in August 2019. The unemployment rate for males was 4.1% and 4.5% for females in August 2022.
The seasonally adjusted number of persons unemployed was 117,200 in August 2022, compared with 114,300 in July 2022.
There was a decrease of 23,500 in the seasonally adjusted number of persons unemployed from a year earlier.
The seasonally adjusted number of males unemployed was 59,100 in August 2022, compared with 58,700 in July 2022. For August 2022 the seasonally adjusted number of females unemployed was 58,100, compared with 55,600 in July 2022.
The youth unemployment rate for those aged 15-24 years rose by 0.5% from the previous month to 11.6% in August. The current unemployment rate of 4.3% in August 2022 is lower than the pre-pandemic level of 5.0% recorded in August 2019.
Last week, figures revealed that the number of people employed in Ireland has risen to a new high of 2.55 million.
The CSO’s latest Labour Force Survey showed that the employment rate for those aged 15 to 64 in the second quarter of this year was 73.5%, a 4.9% year-on-year increase.
In total, 2,554,600 people were employed in the State in the second quarter of this year, almost 200,000 more than in 2019. The figure is almost 700,000 higher than it was 10 years ago.