In June 2024, the seasonally adjusted unemployment rate was 4.2%, which was up from 4.0% in May 2024.On an annual basis, the seasonally adjusted unemployment rate fell to 4.2% in June 2024 from a rate of 4.4% in June 2023.
Breaking down the results by sex, the Monthly Unemployment rate in June 2024 was 4.0% for males, up from the revised rate of 3.9% in May 2024 and down from a rate of 4.5% in June 2023.
The Monthly Unemployment rate in June 2024 was 4.3% for females up from the revised rate of 4.2% in May 2024, and up from a rate of 4.2% in June 2023.
In terms of age, the Monthly Unemployment rate for people aged 15-24 years (youth unemployment rate) increased to 8.1%, from a rate of 7.7% in May 2024.
The Monthly Unemployment rate for people aged 25-74 years rose to 3.6% in June 2024, from a revised rate of 3.5% in May 2024.
The methodology for the Monthly Unemployment Estimates involves forecasting the number of persons who are unemployed using the trend in the recipient Live Register series. The Department of Social Protection is providing Working Age Income supports to people arriving in Ireland from Ukraine under the Temporary Protection Directive. The Live Register series includes recipients of these supports who have met the relevant criteria. This has impacted on the numbers of unemployed, primarily females, in these monthly estimates.
Data in this release are subject to revision based on updates to the seasonally adjusted series whenever new monthly data are added. In addition, it should be noted that larger revisions can occur when the most recent Labour Force Survey (LFS) data are included in the calculation process.
The Monthly Unemployment Estimates published today for June 2024 have incorporated the LFS benchmarks up to Q1 2024 for the monthly estimates up to March 2024. The estimates for April, May and June 2024 have been forecasted. Forecasted figures are subject to revision.
Seasonally Adjusted Monthly Unemployment | |||
Number of persons unemployed | Unemployment rate (%) | ||
June 2023 | 121,200 | 4.4 | |
May 2024 | 113,000 | 4.0 | |
June 2024 | 117,100 | 4.2 | |
Number | Percentage points | ||
Change in month | 4,100 | 0.2 | |
Change in year | -4,100 | -0.2 |
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Statistician's Comment
The Central Statistics Office (CSO) has today (03 July 2024) issued Monthly Unemployment Estimates results for June 2024.
Commenting on today’s release, Conor Delves, Statistician in the Labour Market Analysis Section, said: “The seasonally adjusted unemployment rate for June 2024 (for all people aged 15-74 years) was 4.2%, up from 4.0% recorded in May 2024 and down from 4.4% in June 2023. In June 2024, the unemployment rate for males was 4.0%, and 4.3% for females.
The seasonally adjusted number of people unemployed was 117,100 in June 2024, compared with 113,000 in May 2024. There was a decrease of 4,100 in the seasonally adjusted number of people unemployed in June 2024 when compared with a year earlier.
The seasonally adjusted number of unemployed males increased to 59,100 in June 2024, compared with 57,400 in May 2024. The seasonally adjusted number of unemployed females in June 2024 increased to 58,100 from 55,600 in May 2024.”