The Central Statistics Office (CSO) has (02 February 2022) issued Monthly Unemployment Estimates results in respect of January 2022.
The results published show that the COVID-19 crisis has continued to have an impact on the labour market in Ireland in January 2022. While the standard measure of Monthly Unemployment was 5.3% in January 2022, the COVID-19 Adjusted Measure of Unemployment could indicate a rate of 7.8% if all claimants of the Pandemic Unemployment Payment (PUP) were classified as unemployed. This alternative measure is up from a revised rate of 7.4% in December 2021 and down from 27.1% in January 2021.
- The seasonally adjusted Monthly Unemployment Rate for January 2022 using standard methodology shows:
• An unemployment rate of 5.3% for all persons, which was up from a revised rate of 5.2% in December 2021 and is down from 7.0% in January 2021
• Looking at these figures by sex, the unemployment rate was 5.1% for males and 5.4% for females
• Breaking down these figures by age, the unemployment rate was 13.0% for persons aged 15 – 24 years and 4.0% for persons aged 25 – 74 years - The alternative COVID-19 adjusted unemployment measure for January 2022, which includes those in receipt of the Pandemic Unemployment Payment (PUP), shows:
• An unemployment rate of 7.8% for all persons, up from a revised rate of 7.4% in December 2021 and down from 27.1% in January 2021
• Looking at these figures by sex, 8.2% of males and 7.4% of females in the labour force were unemployed
• Analysing these figures by age, the unemployment rate was 14.3% for persons aged 15 – 24 years and 6.9% for persons aged 25 – 74 years
- Advertisement -
