Unemployment falls to 4.7% as labour market tightens

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Unemployment falls to 4.7% as labour market tightens via IrishTimesBiz

13/09/2020 - NEWS - FILE - Face mask on Grafton St, Dublin. Photograph: Dara Mac Dónaill / The Irish Times Photograph: Dara Mac Donaill / The Irish TimesThe Republic’s unemployment rate fell to 4.7 per cent in May, a rate not seen since before the pandemic, as the labour market continues to tighten.

The headline rate was down from 4.8 per cent in April and down from 6.9 per cent in May of last year. According to the Central Statistics Office , the seasonally adjusted number of people classified as unemployed was 127,500 last month. When compared to May 2021, there was an annual decrease of 46,700.Get the latest business news and commentary from our expert business team in your inbox every weekday morning

 

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