Unemployment rises marginally in October to 4.2%

Monthly increase of 0.1% driven by rising unemployment in the the 15 to 24 age group

The youth unemployment rate, which measures the number of people aged 15- 24 who are out of work, increased to 10.6% from a revised 10.4% in September 2024. Picture: Andy Gibson.

Unemployment ticked up slightly in October, rising marginally by 0.1% compared to the previous month.

New figures released on Wednesday by the Central Statistics Office (CSO) found that the seasonally adjusted unemployment rate grew to 4.2% in October, up from a revised rate of 4.1% in September.