May 2019 Unemployment Figures
5 Jun 2019
On June 5th, 2019 the Central Statistics Office (CSO) published the Monthly Unemployment figures for May 2019. The monthly unemployment figures are based on the most recent Labour Force Survey (LFS) and changes in the Live Register since that LFS was released. On May 21st the Central Statistics Office published the Labour Force Survey (LFS) for Quarter 1, 2019.
In the LFS Q1 2019, the CSO revised the Monthly Unemployment figures downwards. So, the Monthly Unemployment Rates (MUR) published for March and April, 2019 were revised down to 4.7% and 4.6% respectively. The MUR for people aged 25-74 became 3.8% in March and 3.9% in April, 2019. The last time the Monthly Unemployment Rate for this age group was below 4% was August 2007. The MUR for people aged 15-24 was changed to 11.2% in March and 10.3% in April, 2019. April 2008 was the last time the youth unemployment rate was below 11%.
In May, 2019, 108,200 people were unemployed, a decline of 33,200 on the same month in 2018. The overall Monthly Unemployment Rate (MUR) was 4.4%, down 1.5% on May 2018. Women account for 43.7% of those who are unemployed and men for 56.3%. In May 2019, the female MUR was 4.2% and the male rate 4.7%. A year ago the male rate was 6.1% and the female rate was 5.8%.
Looking at these figures from an age perspective there were 79,400 unemployed people aged between 25 and 74 years, and their MUR was 3.7%. A year ago these figures stood at 100,300 and 4.8% respectively. Men account for 55% of this age group and women 45%. The male MUR was 3.8%, down 1% on May 2018. The female MUR was 3.6%, down 1.1% over the year.
For the younger age group, people aged 15-24 years of age, there were 28,800 young people unemployed and their MUR was 10%. In May 2018, 12,400 more young people were unemployed and their MUR was 14.7%. Looking at the gender breakdown, 40.3% of this group were women, and there were 6,300 fewer young women unemployed than a year ago. The MUR for young women went down by 5.2% to 8.3%. Men accounted for 59.7% of this age group in May 2019. Over the year the number of young men unemployed decreased by 6,000, and their Monthly Unemployment Rate (MUR) went down by 4.1% to 11.6%.