The Central Statistics Office (CSO) has issued Monthly Unemployment Estimates results for May 2024.
Commenting on today’s release, Conor Delves, Statistician in the Labour Market Analysis Section, said: “The seasonally adjusted unemployment rate for May 2024 (for all people aged 15-74 years) was 4.0%, the same as the rate recorded in April 2024 and down from 4.2% in May 2023. In May 2024, the unemployment rate for males was 3.8%, and 4.1% for females.
The seasonally adjusted number of people unemployed was 111,700 in May 2024, compared with 111,800 in April 2024. There was a decrease of 3,700 in the seasonally adjusted number of people unemployed in May 2024 when compared with a year earlier.
The seasonally adjusted number of unemployed males stayed the same at 56,600 in May 2024, compared with April 2024. The seasonally adjusted number of unemployed females in May 2024 also remained unchanged from April 2024 at 55,100.”
Key Findings
- In May 2024, the seasonally adjusted unemployment rate was 4.0%, which was the same as the revised April 2024 rate. On an annual basis, the seasonally adjusted unemployment rate fell to 4.0% in May 2024 from a revised rate of 4.2% in May 2023.
- Breaking down the results by sex, the Monthly Unemployment rate in May 2024 was 3.8% for males, the same as the revised rate in April 2024 and down from 4.3% in May 2023.
- The Monthly Unemployment rate in May 2024 was 4.1% for females staying the same as the revised rate in April 2024, and up from a revised rate of 4.0% in May 2023.
- In terms of age, the Monthly Unemployment rate for people aged 15-24 years (youth unemployment rate) fell to 7.7%, from a revised rate of 8.1% in April 2024.
- The Monthly Unemployment rate for people in May 2024 aged 25-74 years did not change from the revised rate of 3.4% in April 2024.
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