Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Ireland
LRHUTTTTIEM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-9.09%
Date Range
1/1/1983 - 5/1/2025
Summary
This trend measures the monthly unemployment rate for individuals aged 15 and older in Ireland. It is a key indicator of the health of the Irish labor market and economic conditions.
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 monthly unemployment rate provides timely data on the share of the Irish labor force that is jobless but actively seeking employment. Economists and policymakers closely monitor this statistic to assess the strength of the economy and guide policy decisions.
Methodology
The data is collected through household surveys conducted by the Irish Central Statistics Office.
Historical Context
The unemployment rate is a crucial input for fiscal and monetary policy in Ireland.
Key Facts
- Ireland's unemployment rate peaked at 16% in 2012 during the Eurozone crisis.
- The unemployment rate has steadily declined since 2012, reaching under 5% in 2019.
- Long-term unemployment remains a challenge in Ireland, accounting for over 40% of total unemployment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for individuals aged 15 and older in Ireland. It represents the share of the Irish labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the Irish labor market and overall economic conditions. Economists and policymakers closely monitor this statistic to assess the strength of the economy and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for fiscal and monetary policy in Ireland, as it helps inform decisions on government spending, taxation, and central bank interventions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released on a monthly basis, providing timely information on the state of the Irish labor market. However, there may be occasional delays or revisions to the data.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Ireland (LRHUTTTTIEM156S), retrieved from FRED.