Ireland unemployment rate eases to 4.0% in May on fewer youth jobless

Ireland’s unemployment rate continued to improve in May, data published by the Central Statistics Office showed on Thursday.

The seasonally adjusted unemployment rate was 4.0% in May, down from 4.1% in April and 4.4.% a year before. A total of 118,600 people were unemployed in May, versus 118,800 people the month prior. The number of people out of work was down by about 6,900 from a year before.

The youth unemployment rate, which counts people aged between 15 and 24, decreased to 10.9% from 11.2% the previous month.

For those aged between 25 and 74, unemployment rose slightly to 3.1% from 3.0% in April.

The CSO said 3.9% of males were unemployed in May, down from 4.2% the month prior. Unemployment was higher among females at 4.1%, but still lower than April’s 4.2% rate.

Unemployment figures are forecast based on trends in Ireland’s working age income recipient live register series, the CSO noted.

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