Unemployment unchanged in January as Brexit looms


Unemployment unchanged in January as Brexit looms

(stock photo)
(stock photo)

Last month’s unemployment rate remained unchanged from December at 5.3pc, according to figures from the Central Statistics Office (CSO).

The figure is down from 6pc in January 2018.

Overall and there were 127,300 people unemployed last month, down from 127,900 when compared to the December 2018 figure, and a decrease of 13,400 when compared to January 2018.

Commenting on the figures, Pawel Adrjan, economist at global job site Indeed, said expectations of unemployment falling below 5pc this year will hopefully be met “sooner rather than later”, however, he added that the “dark cloud of uncertainty” of Brexit looms as a large threat.

“The Department of Finance recently warned that the unemployment rate could rise by 2pc in the event of a ‘no deal’ scenario that saw Britain crash out of the EU on March 29,” Mr Adrjan said.

“This would make it harder for Ireland to absorb the increase in jobseeker interest that has been seen from both the UK and the rest of Europe since the Brexit vote,” he added.

For males, the seasonally adjusted unemployment rate was 5.2pc last month, down 0.1pc from December 2018, and down from 6.1pc in January 2018.

Meanwhile for females, the seasonally adjusted unemployment rate was 5.4pc in January, unchanged from December 2018 and down from 5.8pc in January 2018.

Youth unemployment, that is those between 15-24 years old, increased marginally to 12.4pc, from 12.2pc in December.


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