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Jobless rate at 4.2%, down from 4.5% in 2023

The seasonally adjusted unemployment rate was 4.2% last month – up from a revised rate of 4.1% in September.

On an annual basis, the unemployment rate of 4.2% recorded in October 2024 is down from 4.5% in October 2023, CSO data shows.

The rate in October 2024 was 4.1% for males – up from a revised rate of 4.0% in September 2024, and down from a revised rate of 4.4% in October 2023.

The jobless rate was 4.3% for females last month – unchanged from the September 2024 rate, and down from a rate of 4.6% in October 2023.

For those aged 15-24, the youth unemployment rate increased to 10.6%, from a revised rate of 10.4% in September 2024.

The monthly unemployment rate for those aged 25-74 was 3.2%, which remained unchanged from the revised rate in September 2024.

Fall

Statistician Conor Delves said: “The seasonally adjusted number of people unemployed was 121,200 in October 2024, compared with 120,000 in September 2024.

“There was a fall of 5,900 in the seasonally adjusted number of people unemployed in October 2024 when compared with a year earlier.

“The seasonally-adjusted number of unemployed males rose to 62,500 in October 2024, compared with 61,000 in September 2024.

“The seasonally-adjusted number of unemployed females in October 2024 fell to 58,700 from 58,900 in September 2024,” he said.