Belfast Telegraph

Republic of Ireland's unemployment rate unchanged at 5.3% from December as 127,300 sign on

Unemployment in the Republic last month remained unchanged from December at 5.3%, according to figures from the Central Statistics Office (CSO)
Unemployment in the Republic last month remained unchanged from December at 5.3%, according to figures from the Central Statistics Office (CSO)

By Ellie Donnelly

Unemployment in the Republic last month remained unchanged from December at 5.3%, according to figures from the Central Statistics Office (CSO).

The figure is down from 6% in January 2018.

Overall, there were 127,300 people unemployed in the Republic last month, down from 127,900 when compared to the December 2018 figure, and a decrease of 13,400 when compared to January 2018.

In comparison, Northern Ireland's unemployment rate for the most recent period of September to November last year was 3.4%.

Economist Pawel Adrjan said expectations of unemployment in the Republic falling below 5% this year will hopefully be met "sooner rather than later".

However, he added that the "dark cloud of uncertainty" of Brexit looms as a large threat.

Mr Adrjan said: "The Department of Finance recently warned that the unemployment rate could rise by 2% in the event of a no-deal scenario that (would see) Britain crash out of the EU on March 29.

"This would make it harder for Ireland to absorb the increase in jobseeker interest that has been seen from both the UK and the rest of Europe since the Brexit vote," he added.

For males, the seasonally adjusted unemployment rate was 5.2% last month, down 0.1% from December 2018, and down from 6.1% in January 2018. Meanwhile for females, the seasonally adjusted unemployment rate was 5.4% in January, unchanged from December 2018 and down from 5.8% in January 2018.

Youth unemployment increased marginally to 12.4%, from 12.2% in December.

In separate figures from the CSO, production for the Republic's manufacturing industries in December decreased by 14.2%, compared to November 2018. On an annual basis production for December 2018 was 18.9% lower than in December 2017.

Belfast Telegraph

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