Revised numbers show unemployment rate has been at or above 5% since July

CSO has revised upwards its unemployment figures

The unemployment rate has been slowly edging upwards since September last year when it hit 4.1%.

The Central Statistics Office (CSO) has made a number of revisions to its monthly unemployment figures, which shows from July, the unemployment rate has been at or above 5%, the highest recorded since January 2022.

The CSO said during October, the unemployment rate stood at 5%, down from a revised rate of 5.1% in September, but up from the 4.2% recorded in October last year. When the CSO originally reported the September data, it said the unemployment rate was 4.7%.