October 2019, Monthly Unemployment Figures

5 Nov 2019

On November 5th, 2019 the Central Statistics Office (CSO) published the Monthly Unemployment figures for October 2019. Up to now the monthly unemployment figures were based on the most recent Labour Force Survey (LFS) and changes in the Live Register since that LFS was released. The Quarter 2, 2019 LFS was published on August 27th, 2019.

However, in this release the CSO are using a new methodology. So, today’s release is not working off Quarter 2 2019 LFS benchmarks, but instead working off the LFS benchmarks for Q3 2019, which will not be published until November 19th, 2019. The CSO say they have made this change to reduce the frequency and scale of the revisions.

The figures published for September, 2019, in today’s release are considerably lower than those published on October 1st. 118,100 people were unemployed in comparison to 126,900; and the Monthly Unemployment Rate (MUR) was 4.9% in comparison to 5.3%. For people aged 25-74, the revised figure is 82,700, not that dissimilar to last month’s figure of 84,200. While the MUR for this aged cohort was originally reported as 4%, and has been revise to 3.9%. For people aged 15-24, the revisions are more dramatic. In October it was reported that 42,700 young people were unemployed in September, 2019 while that figure now stands at 35,400; their MUR was 14.8%, and has been revised down to 12.2%.

In today’s release the Monthly Unemployment figure for October, 2019 is 117,300, a decline of 19,400 over the year. The Monthly Unemployment Rate (MUR) is 4.8%, a decline of 0.9% over the year. Looking at these figures from a gender perspective, women account for 42% and men 58%. The male MUR decreased from 5.6% in October, 2018 to 5.2% in October, 2019. While the female MUR went from 5.9% to 4.4% over the year.

For people aged 25-74, there were 81,700 people unemployed, a decline of 16,000 over the year. The MUR for this age group was 3.8%, 0.8% lower than October, 2018. Looking at these figures from a gender perspective, women account for 41.5% and men 58.5%. The male MUR decreased from 4.3% in October, 2018 to 4.1% in October, 2019. While the female MUR went from 5% to 3.5% over the year.

For people aged 15-24, there were 35,600 people unemployed, a decline of 3,400 over the year. The MUR for this age group was 12.3%, 1.4% lower than October, 2018. Looking at these figures from a gender perspective, women account for 42% and men 58%. The male MUR decreased from 15% in October, 2018 to 13.3% in October, 2019. While for young women the MUR went from 12.2% to 11.1% over the year.