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Monthly Unemployment October 2024

The Monthly Unemployment rate for October 2024 was 4.2%, up from the 4.1% recorded last month

Online ISSN: 2009-8456
CSO statistical publication, , 11am

Key Findings

  • In October 2024, the seasonally adjusted unemployment rate was 4.2%, which was up from a revised rate of 4.1% in September. On an annual basis, the unemployment rate of 4.2% recorded in October 2024 is down from 4.5% in October 2023.

  • Breaking down the results by sex, the Monthly Unemployment rate in October 2024 was 4.1% for males, up from a revised rate of 4.0% in September 2024, and down from a revised rate of 4.4% in October 2023.

  • The Monthly Unemployment rate in October 2024 was 4.3% for females, unchanged from the September 2024 rate, and down from a rate of 4.6% in October 2023.

  • In terms of age, the Monthly Unemployment rate for people aged 15-24 years (youth unemployment rate) increased to 10.6%, from a revised rate of 10.4% in September 2024.

  • The Monthly Unemployment rate for people aged 25-74 years was 3.2%, which remained unchanged from the revised rate in September 2024.

Statistician's Comment

The Central Statistics Office (CSO) has today (06 November 2024) issued Monthly Unemployment Estimates results for October 2024.

Commenting on today’s release, Conor Delves, Statistician in the Labour Market Analysis Section, said: “The seasonally adjusted unemployment rate for October 2024 (for all people aged 15-74 years) was 4.2%, up from 4.1% recorded in September 2024 and down from 4.5% in October 2023. In October 2024, the unemployment rate for males was 4.1% and for females it was 4.3%.

The seasonally adjusted number of people unemployed was 121,200 in October 2024, compared with 120,000 in September 2024. There was a fall of 5,900 in the seasonally adjusted number of people unemployed in October 2024 when compared with a year earlier.

The seasonally adjusted number of unemployed males rose to 62,500 in October 2024, compared with 61,000 in September 2024. The seasonally adjusted number of unemployed females in October 2024 fell to 58,700 from 58,900 in September 2024.”

Editor's Note

The methodology for the Monthly Unemployment Estimates involves forecasting the number of persons who are unemployed using the trend in the recipient Live Register series. The Department of Social Protection is providing Working Age Income supports to people arriving in Ireland from Ukraine under the Temporary Protection Directive. The Live Register series includes recipients of these supports who have met the relevant criteria. This has impacted on the numbers of unemployed, primarily females, in these monthly estimates.

From 9 September 2024 beneficiaries of EU’s Temporary Protection Directive (TPD) living in Designated Accommodation Centres no longer qualify for Jobseeker’s Allowance and thus are no longer enumerated on the Live Register – see Background Notes.

Data in this release are subject to revision based on updates to the seasonally adjusted series whenever new monthly data are added. In addition, it should be noted that larger revisions can occur when the most recent Labour Force Survey (LFS) data are included in the calculation process.

The Monthly Unemployment Estimates published today for October 2024 have incorporated the LFS benchmarks up to Q3 2024 for the monthly estimates up to September 2024. The estimates for October 2024 have been forecasted. Forecasted figures are subject to revision.

Headline Table and Graph

Seasonally Adjusted Monthly Unemployment
 Number of persons unemployed Unemployment rate (%)
October 2023127,1004.5
September 2024120,0004.1
October 2024121,200 4.2
 Number Percentage points
Change in month1,2000.1
Change in year-5,900 -0.3
Figure 1: Seasonally Adjusted Monthly Unemployment Rate (ILO), October 2021 to October 2024

Tables

Table 1a Seasonally adjusted monthly unemployment by sex - persons aged 15-74 years

Table 1b Seasonally adjusted monthly unemployment by sex - persons aged 15-24 years

Table 1c Seasonally adjusted monthly unemployment by sex - persons aged 25-74 years

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