Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Ireland
LRUNTTTTIEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.34
Year-over-Year Change
-10.55%
Date Range
1/1/1990 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Ireland measures the percentage of the Irish labor force aged 15 and older who are unemployed. This key economic indicator is closely watched by policymakers and analysts to assess the health of the Irish labor market.
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
This monthly unemployment rate series provides a timely snapshot of employment conditions in Ireland. It serves as an important barometer of economic performance and is used to inform policy decisions related to job creation, workforce development, and social safety net programs.
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 deliberations in Ireland and the broader Eurozone.
Key Facts
- The Irish unemployment rate peaked at 16% in 2012 during the Eurozone debt crisis.
- Long-term unemployment remains a persistent challenge, with over 30% of jobseekers out of work for a year or more.
- Youth unemployment is significantly higher than the national average, hovering around 13% in recent years.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Ireland tracks the percentage of the Irish labor force aged 15 and older who are without jobs but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the health of the Irish labor market and broader economy. It informs policymaking, investment decisions, and analysis of Ireland's economic performance.
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 key input for fiscal and monetary policy deliberations in Ireland and the Eurozone, as it signals the need for interventions to promote job creation and support the workforce.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, providing timely insights into labor market conditions. However, the survey-based nature of the data means it may not fully capture all labor force dynamics.
Related Trends
Producer Prices Index: Economic Activities: Manufacturing: Total for Ireland
IRLPIEAMP01GPM
Total Credit to Non-Financial Corporations, Unadjusted for Breaks, for Ireland
CRDQIEANUBIS
Business Tendency Surveys: Finished Goods Stocks: Economic Activity: Manufacturing: Current for Ireland
BSFGLV02IEM460S
Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Ireland
LFHUTTTTIEM647S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Ireland
IRLCP060000GYM
Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Ireland
CCUSSP01IEM650N
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Ireland (LRUNTTTTIEQ156S), retrieved from FRED.