Unemployment rate rises slightly to 4.2% in September

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Unemployment rate rises slightly to 4.2% in September
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New figures from the Central Statistics Office show that the unemployment rate rose slightly to 4.2% in September from 4.1% a month earlier.

The unemployment rate has remained between 4.1% and 4.3% all year with the economy at or very close to full employment, where just about everyone who wants a job has one.

It is also close to the all-time low of 3.9% reached just over 20 years ago during the country's so-called Celtic Tiger boom.Today's CSO figures show that the unemployment rate for men in September rose to 4.4% from 4.2% the same time last year, while it stood at 4% for women - down from rate of 4.6% in September of 2022.

Today's CSO figures also show that the youth unemployment rate rose to 11.9% last month from a revised figure of 11.4% in August. The CSO said the seasonally adjusted number of people unemployed was 115,700 in September, up from 113,000 in August. There was a decrease of 300 in the seasonally adjusted number of people unemployed in September of this year when compared with a year earlier, the CSO added.

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