By Betty Henderson • 03 June 2023 • 10:00
Employment Minister Simon Coveney announces new jobs
Photo credit: Simon Coveney
IRELAND hit an employment milestone on Wednesday, May 31. Official data reveals that the country’s unemployment rate plummeted to a record-low of 3.8 per cent in May, surpassing all previous records.
This significant drop showcases the country’s remarkable economic recovery post-pandemic. The last time similar figures were reported was back in 2000-2001, more than 20 years ago.
The May unemployment figures reflect a decline to 3.8 per cent from April’s 3.9 per cent, revealing a consistent pattern of job seekers finding positions. Youth figures also dropped from 7.7 per cent to 6.9 per cent, revealing a brighter future for Ireland’s young workforce.
Achieving an unemployment rate below four per cent is also representative of ‘full employment’, an exceptional feat, showing Ireland’s resilience.
Economists say they are not surprised by the downward turn due to the strong performance of the country’s labour market and reducing economic concerns. The unemployment news is a victory for the country’s Department for Employment.
While challenges lie ahead, job seekers can find seasonal opportunities during the summer months. Surging job postings, particularly in healthcare, social care, agriculture, and cleaning sectors, offer growth prospects and supplementary income for workers.
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