The unemployment rate for June 2022 was 4.8% for people aged between 15-74 years old, according to the Central Statistics Office.

The seasonally adjusted unemployment rate was 4.7% for men, unchanged since the previous month and down from 6.5% since June 2021. The unemployment rate stood at 4.6% for women, down from 6.2% in June 2021.

In the 15-24 age group, estimated unemployment is 5.4%, a rise from 4.9% in May 2022. There has been a smaller rise in the 25-74 age cohort, with unemployment estimated at 4.7%, up from 4.6%.

CSO statistician John Mullane commented: "The seasonally adjusted number of people unemployed was 135,000 in June 2022, compared to 128,000 in May 2022. There was a decrease of 26,000 in the seasonally adjusted number of people unemployed from the year earlier

"In June 2022 the seasonally adjusted number of males unemployed was 69,000, the same as in May. The corresponding number of females unemployed in June was 66,000, compared to 59,000 in May 2022.”

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There was a significant drop in the number of individuals unemployed in February 2022 as employment increased due to the easing of Covid-19 restrictions.

Estimated unemployment increased in March before a decrease in April and May and then a spike in June.

The June increase may reflect the termination of employment wage subsidies, inflation cost pressures on small business, or both.