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Monthly Unemployment October 2023

The Monthly Unemployment rate for October 2023 was 4.8%

Online ISSN: 2009-8456
CSO statistical publication, , 11am

Key Findings

In October 2023 the seasonally adjusted unemployment rate was:

  • Up to 5.0% for males from a revised rate of 4.9% in September 2023, and up from 4.3% in October 2022.

  • Unchanged at 4.5% from a revised rate in September 2023 for females, and down from a revised rate of 4.7% in October 2022.

  • Unchanged at 12.5% for persons aged 15-24 years (youth unemployment rate), from a revised rate in September 2023.

  • Up to 3.6% for persons aged 25-74 years from a revised rate of 3.5% in September 2023.

Statistician's Comment

The Central Statistics Office (CSO) has today (02 November 2023) issued Monthly Unemployment Estimates results for October 2023.

Commenting on today’s release, Conor Delves, Statistician in the Labour Market Analysis Section, said: “The seasonally adjusted unemployment rate for October 2023 (for all persons aged 15-74 years) was 4.8%, up from 4.7% recorded in September 2023 and up from 4.5% in October 2022. In October 2023 the unemployment rate for males was 5.0%, and for females it was 4.5%.

The seasonally adjusted number of people unemployed was 132,800 in October 2023, compared with 130,100 in September 2023. There was an increase of 13,300 in the seasonally adjusted number of people unemployed in October 2023 when compared with a year earlier.

The seasonally adjusted number of males unemployed was up to 73,500 in October 2023, compared with 71,000 in September 2023. The seasonally adjusted number of females unemployed increased by 100 over the month to October 2023 from 59,100 to 59,200.”

Editor's Note

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 Employment Estimates published today for October 2023 have incorporated the LFS benchmarks up to Q3 2023 for the monthly estimates up to September 2023. The estimates for October 2023 have been forecasted. These forecasted figures are subject to revision.

Headline Table and Graph

Seasonally Adjusted Monthly Unemployment
 Number of persons unemployed Unemployment rate (%)
October 2022119,5004.5
September 2023130,1004.7
October 2023132,800 4.8
 Number Percentage points
Change in month2,7000.1
Change in year13,300 0.3
Figure 1: Seasonally Adjusted Monthly Unemployment Rate (ILO), October 2020 to October 2023

Tables

Table 1a Seasonally adjusted monthly unemployment by sex - all persons aged 15-74 years

Table 1b Seasonally adjusted monthly unemployment by sex - persons aged 15-24 years

Table 1c Seasonally adjusted monthly unemployment by sex - persons aged 25-74 years