Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Ireland
LMUNRLTTIEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179,422.30
Year-over-Year Change
-59.67%
Date Range
1/1/1955 - 1/1/2023
Summary
This economic trend measures the total number of registered unemployed individuals in Ireland's labor market. It provides important insights into the country's overall employment situation and labor force dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Ireland metric tracks the number of individuals officially registered as unemployed in the country. This data point is a key indicator used by policymakers and economists to assess the health and resilience of Ireland's labor market.
Methodology
The data is collected by Ireland's Central Statistics Office through a comprehensive national labor force survey.
Historical Context
This unemployment trend is closely monitored by the Irish government, central bank, and international organizations to inform economic and labor market policies.
Key Facts
- Ireland's registered unemployment rate stood at 5.2% as of the latest data.
- The trend has declined steadily from a peak of 16% during the global financial crisis.
- Registered unemployment is a key input for policymakers targeting full employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals officially registered as unemployed in Ireland's labor market.
Q: Why is this trend relevant for users or analysts?
A: This unemployment metric is a critical indicator used by policymakers, economists, and investors to assess the health and resilience of Ireland's labor market.
Q: How is this data collected or calculated?
A: The data is collected by Ireland's Central Statistics Office through a comprehensive national labor force survey.
Q: How is this trend used in economic policy?
A: This unemployment trend is closely monitored by the Irish government, central bank, and international organizations to inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, providing timely insights into Ireland's labor market dynamics.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Ireland (LMUNRLTTIEA647S), retrieved from FRED.