Youth jobless rate ticks up as overall unemployment stays at record low of 3.8% in June

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Youth jobless rate ticks up as overall unemployment stays at record low of 3.8% in June
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Data pointing to ‘full employment’ highlight capacity issues for employers as they struggle to source labour

The seasonally adjusted unemployment rate for males was slightly higher, at 4.2 per cent in June versus 4.1 per cent in May 2023 and June 2022. In contrast, the rate was unchanged month on month for women at 3.4 per cent, and down from 4.4 per cent a year ago.

“Maintaining the record low unemployment rate of 3.8 per cent is a massive success, but behind the rate, there are 2,600 more people on the live register this month than last month,” said Grant Thornton economist Andrew Webb. “While this is likely due to a seasonal churn with school and college leavers entering the fray, it is something to be alert to.

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