On November 3rd 2022, the Central Statistics Office (CSO) published the Monthly Unemployment (MU) figures for October, 2022. The Monthly Unemployment figures are estimated using trends in the Live Register figures based on the most recent Labour Force Survey (LFS), and as a consequence are subject to revision.
117,500 people were unemployed in October 2022, a drop of 15% over the year or 20,400 fewer people. The Monthly Unemployment Rate (MUR) was 4.4%, a decline of 0.9 percentage points. Unemployment decreased for both men and women over the period, by 12,900 and 7,400 respectively. Women accounted for 48.3% of the unemployed in October 2022, 1.7 percentage points higher than October 2021.
In October 2022, 39,600 people aged 15-24 were unemployed: 1,300 fewer young people than a year ago. Their MUR was 12.% in October 2022, 0.2 percentage points higher than October 2021. Over the year, unemployment amongst young men decreased by 2,500 to 18,900, and their unemployment rate was 11%, a decrease of 1.3 percentage points over the year. Unemployment amongst young women rose by 1,200 to 20,700, and their unemployment rate was 13%, an increase of 1.8 percentage points. In October 2022, women accounted for 52% of those unemployed in this age category, in comparison to 48% in October 2021.
The monthly unemployment figures for people aged 25-74 dropped by 20% over the year to 77,900 people, and their MUR decreased by 0.9 percentage points to 3.4%. Unemployment decreased for men in this age category by 20% to 41,700, and their MUR was 3.3%. Unemployment also declined for women, by 19% to 36,200 women and their Monthly Unemployment Rate (MUR) fell by 0.8 percentage point to 3.4%. Women accounted for 46% of those unemployed in this age category in both October 2022 and 2021.
The Labour Force Survey for Quarter 3 2022 should be published on November 24th.