Sat, 04 Feb 2023

DUBLIN, Ireland: Ireland's unemployment rate fell to 4.4 percent in November, which was the lowest rate on record in 20 years.

This was down from 4.5 percent in October and 5.2 percent in November 2021.

The figures, released by the Central Statistics Office (CSO), saw the number of unemployed people reaching 117,800 in November, compared with 118,200 in October.

Further, the November figure represented a decrease of 19,900 in the seasonally adjusted number of persons unemployed throughout Ireland, compared to one year earlier.

"More people are employed in Ireland now than ever. Unemployment at 20 year low," Tanaiste Leo Varadkar tweeted, on hearing the news.

"A testament to the hard work and resilience of Irish enterprise, that our jobs figures are so strong in challenging times."

Further, the unemployment rate was 4.3 percent for men in October, down from 5.3 percent in November 2021.

Unemployment was unchanged at 4.6 percent for women from October, but has fallen from 5.2 percent in November 2021.

Also, youth unemployment for ages 15 to 24 was unchanged at 12.1 percent.

"As we reflect on 2022, it is difficult to comprehend just how different the economic environment is," said Andrew Webb, chief economist at Grant Thornton Ireland, as quoted by Reuters.

"Today's figures provide further encouragement, but we remain mindful of recent churn in the tech sector, which may impact unemployment figures in the months ahead."

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