Ireland’s unemployment rate drops to 11-year low

The unemployment rate in March was 0.2 percentage points lower than that of the previous month and 0.4 percentage points lower when compared to the March 2018 figure, said the CSO.

Ireland’s unemployment rate dropped to an 11-year low of 5.4 percent in March, according to new official statistics .

The seasonally adjusted figures released by the country’s national statistics bureau CSO showed that the March jobless rate in Ireland continued to fall both on a monthly and yearly basis.

The unemployment rate in March was 0.2 percentage points lower than that of the previous month and 0.4 percentage points lower when compared to the March 2018 figure, said the CSO.

In March, the total number of unemployed persons in Ireland stood at 131,300, including 70,500 men and 60,800 women, it said, adding that the unemployment rate for females in the month, which stood at 5.5 percent, is slightly higher than the figure for males, which stood at 5.4 percent.

The youth unemployment rate in the country, which refers to the jobless rate for people aged between 15 and 24, remained high at 13.4 percent in March despite a decrease from 13.8 percent in February 2019, showed the CSO statistics.