“Unemployment Surges in Ireland as Numbers on the Rise”
Dublin: Ireland, recent reports from the Central Statistics Office (CSO) have indicated a slight uptick in the unemployment rate, climbing from 4.1% in March to 4.4% in April. Despite the return to economic growth in the first quarter of the year, particularly buoyed by increased activity in the technology sector, this expansion has not translated into a corresponding improvement in employment figures.
Data from the AIBS&P Global Manufacturing Purchasing Managers’ Index (PMI) survey also painted a subdued picture, predicting no growth in employment for April due to restrained demand. This stagnation is reflected across genders, with male unemployment rising to 4.1% and female unemployment to 4.7%, both up from 4.1% in April of the previous year.
Within the technical fields, crucial for Ireland’s modern economy, such as IT operations, help desk support, information design, documentation, and software development, there has been no observed job growth according to insights from Indeed.
The increase in unemployment is quantified by the CSO, which recorded a rise from 115,400 unemployed individuals in March to 124,200 in April, constituting a notable increase of 9,900 people.
Youth unemployment has also experienced a concerning surge, climbing to 10.6% in April from 9.2% in March, signaling challenges for younger members of the workforce.
Looking ahead, senior economist Jack Kennedy from Recruit Platform has cautioned that the unemployment rate may continue to inch upward in the coming months. This prediction underscores a departure from the sub-5% levels observed since December 2021, indicating potential economic headwinds on the horizon.
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