New figures from the Central Statistics Office show that the unemployment rate was unchanged at 4% in June from a month earlier and down from 4.4% in June of last year.
The CSO said noted that the unemployment rate for both men and women in June was 4%, down from a rate of 4.4% in June of last year.
Meanwhile, the monthly youth unemployment rate fell to 10.7%, down from a revised rate of 11% in May.
Today’s CSO figures show that the seasonally adjusted number of people who were unemployed in June stood at 117,900, down from 118,400 in May.
There was a fall of 8,200 in the seasonally adjusted number of people unemployed in June of this year compared with June of last year.
Commenting on today’s figures, Jack Kennedy, senior economist at hiring platform Indeed, said that hiring demand remains persistently healthy, despite having cooled, with monthly unemployment levels staying close to record lows.
But he cautioned that just how resilient the labour market is will be tested and watched closely over the coming months amid increased concerns about the economy’s vulnerability to global uncertainty and volatility.
He said that Indeed’s recently published Ireland mid-year market update shows that Irish job postings, a real time measure of labour market activity, fell to 6% above pre-pandemic levels in April of this year before increasing to 8% as of June 6 in a development that suggests hiring demand remains somewhat resilient.
Postings have subsequently strengthened further, to 12% above baseline as of June 27, he added.
Mr Kennedy said the update also shows considerable variation in sectoral strength. Job postings for some categories, such as therapy, cleaning & sanitation, education & instruction and installation & maintenance were well above pre-pandemic levels as of June 6 while others, such as arts & entertainment, marketing, IT operation & helpdesk, were well below.
