Ireland's seasonally adjusted unemployment rate rose to 5.4 percent in September of 2020 from 5.2 percent in the previous month. It was the highest jobless rate since December of 2018 as the COVID-19 crisis has continued to have a significant impact on the labour market. The number of unemployed increased by 5,100 from the previous month to 126,200. The alternative COVID-19 adjusted unemployment rate, which includes persons in receipt of the COVID-19 Pandemic unemployment Payment and considered as the upper bound for the true rate of unemployment, was 14.7 percent. Youth unemployment rate, measuring job-seekers aged 15-24 years, went up to 18.9 percent from 17.5 percent in August, the highest since November of 2015.
Unemployment Rate in Ireland averaged 10.56 percent from 1983 until 2020, reaching an all time high of 17.30 percent in December of 1985 and a record low of 3.90 percent in November of 2000. This page provides the latest reported value for - Ireland Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Central Statistics Office Ireland
Unemployment Rate in Ireland is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Ireland to stand at 7.10 in 12 months time. In the long-term, the Ireland Unemployment Rate is projected to trend around 6.80 percent in 2021 and 6.20 percent in 2022, according to our econometric models.