June Unemployment Statistics

Ireland seems to have hit as close to full employment as possible as rates stay constant from May to June of 2019. Full employment is a condition of the economy in which every person who is currently able to work and is seeking employment is employed.   

The Central Statistics Office (CSO) recently released their monthly unemployment report which included details in regards to the changes that have occurred month to month in 2019, as well as a comparison between June 2018 and 2019 statistics. According to these comparisons, the seasonally adjusted unemployment rate from May to June 2019 has stayed at a constant 4.5pc unemployed. On a yearly basis, there has been a significant decrease of 1.4pc; June 2018 was at 5.9pc while June 2019 is at 4.5pc. 

This percentage change shows a significant change in the amount of seasonally adjusted number of persons unemployed from 140,200 people in 2018 to 109,700 in 2019, which is a 30,500 person decrease. There are many reasons for a decrease in unemployment including immigration and emigration or businesses and people, the creation of …

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