The unemployment rate in April fell to its lowest level since the start of the Covid-19 pandemic, according to figures from the Central Bureau of Statistics (CSO).
In a word
Ireland’s unemployment rate is now 4.8%, down from 5.1% in March 2022.
The CSO said the seasonally adjusted number of people unemployed in April was 129,500. That’s down from 135,800 people in March.
Last April, the unemployment rate was 7.5%.
The unemployment rate includes people who have lost their jobs due to the Covid-19 pandemic and those who are unemployed for other reasons.
Jack Kennedy, an economist at global job site Indeed, said the unemployment rate continued to fall despite economic uncertainty due to rising living costs and the war in Ukraine.
“Employers are still actively hiring, with the level of Irish job postings on Indeed increasing by 52% on April 29, 2022, compared to February 1, 2020,” he said.
He continued: “The inflation rate hit 7.3% last month, with energy and food costs being two areas of particular pressure.
“While this has yet to have a noticeable impact on the strength of the labor market in Ireland, it could impact economic confidence over time and could fuel wage expectations.
“However, recent research indicates that employee satisfaction is not limited to overall pay rates, with access to flexible working and better work/life balance that many employees seek.”