Monthly Unemployment rate for February was 4.3%

Monthly Unemployment rate for February was 4.3%

The Central Statistics Office (CSO) has today (01 March 2023) that In February 2023 the seasonally adjusted unemployment rate for February 2023 (for all persons aged 15-74 years) was down to 4.3 per cent from 4.4 per cent in January 2023, and down from a revised rate of 4.6 per cent in February 2022.
• Down to 4.0pc for males from a rate of 4.1pc in January 2023, and from a revised rate of 4.5pc in February 2022.

• Unchanged at 4.7pc for females from the January 2023 rate, and a decrease from the rate of 4.8pc in February 2022.

• At 10.2pc for persons aged 15-24 years (youth unemployment rate), from a revised rate of 10.3pc in January 2023.

• Down to 3.4pc for persons aged 25-74 years from a rate of 3.5pc in January 2023.
The Central Statistics Office (CSO) has today (01 March 2023) issued Monthly Unemployment Estimates results for February 2023.

Commenting on today’s release, John Mullane, Statistician in the Labour Market Analysis Section, said:

“The seasonally adjusted unemployment rate for February 2023 (for all persons aged 15-74 years) was down to 4.3 per cent from 4.4 per cent in January 2023, and down from a revised rate of 4.6 per cent in February 2022. The rate of 4.3pc in February 2023 was lower than the pre-pandemic level of 4.8pc recorded in February 2020. In February 2023 the unemployment rate for males was 4.0pc and for females was 4.7pc.

The seasonally adjusted number of persons unemployed was 116,500 in February 2023, compared with 118,100 in January 2023. There was a decrease of 5,700 in the seasonally adjusted number of persons unemployed in February 2023 when compared with a year earlier.

The seasonally adjusted number of males unemployed fell to 56,800 in February 2023, compared with 58,400 in January 2023. In February 2023 the seasonally adjusted number of females unemployed remained unchanged at 59,700, when compared with January 2023.”

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