Ireland has reached “full employment” as the unemployment rate fell to an all-time low, the government has announced.
Data from the Central Statistics Office (CSO) showed that the unemployment rate fell to 3.9 per cent in April.
This is the lowest level in 22 years since April 2001. The latest Labor Force Survey, released in the last quarter of last year, reported that the state employed over 2.57 million people, reports The Mirror.
Figures from the Central Statistics Office show that 4.3 per cent of men were unemployed in April 2023. This was down from 4.6 per cent in the same period last year.
Meanwhile, the female unemployment rate fell to 3.6 percent in April from 3.8 percent in March. The unemployment rate among women fell from 4.7 percent in April 2022.
The unemployment rate among 15-24 year olds fell to 7.9 percent from 8.9 percent in March.
The overall unemployment rate was 7.7 percent in April 2021, reports The Mirror.
In Ireland, full employment is achieved when the unemployment rate is less than 4 percent.
Social Protection Secretary Heather Humphreys praised the numbers as “lowest in over 20 years”, reports The Mirror.
She said: “While these figures are testament to the efforts that this Government has made to providing a range of supports to businesses, the self-employed and people out of work, we will continue to work closely with employers and jobseekers to give them the opportunity to create jobs and find work,” reports The Mirror.
Meanwhile, Enterprise Secretary Simon Coveney said the figures showed the resilience of the Irish economy.
“Today’s unemployment figures are definitive proof of the success of the Government’s post-pandemic Economic Recovery Plan, published in mid-2021. Our unemployment rate is at a record low and employment at a record high. Through the recently published White Paper on Enterprise, our ambition over the coming years is to build upon the strong economy and enterprise sector that has delivered this historically low level of unemployment,” reports The Mirror.
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