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CSO says unemployment in Ireland not falling… staying the same

Dublin: Ireland’s unemployment rate remained steady in May, holding at the same 4% recorded in April, according to figures from the Central Statistics Office (CSO). The data shows a slight gender disparity, with 3.8% of men and 4.1% of women unemployed.

On an annual basis, the unemployment rate has shown a slight improvement, down from 4.2% in May of last year. The total number of unemployed people in the country in May was 111,700, a marginal decrease from 111,800 in April and 3,700 fewer than in May of the previous year.

Youth unemployment has also seen a positive change, with the rate for those aged 15 to 24 dropping from 8.1% in April to 7.7% in May. For those aged 25 to 74, the unemployment rate remained unchanged at 3.4%.

Andrew Webb, Chief Economist at Grant Thornton Ireland, expressed optimism about the economic outlook, stating that the stable unemployment rate, combined with recent interest rate cuts, is likely to stimulate fresh economic growth in the second half of the year.

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