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Half of under-24s in Ireland are unemployed, CSO figures suggest

If all claimants of the Covid-19 PUP payment are included, 26.1% of the Irish workforce are unemployed.

HALF OF PEOPLE aged under 24 in Ireland are unemployed, new figures suggest.

Figures released by the Central Statistics Office (CSO) show that the country’s unemployment rate, including those in receipt of Covid-19 payments, was 26.1% in May.

The CSO released two different unemployment figures for the month stating that the Covid-19 crisis has had a significant impact on the labour market throughout May.

The new Covid-19 adjusted measure of unemployment shows the 26.1% rate if all claimants of the Pandemic Unemployment Payment (PUP) were classified as unemployed.

The standard monthly unemployment rate jumped to 5.6% from 5.4% in April, it said.

CSO senior statistician Edel Flannery said those in receipt of the Covid-19 PUP at the end of May do not meet the internationally agreed criteria to be considered as unemployed.

“Therefore, the CSO is producing a supplementary measure of unemployment in parallel with the routine Monthly Unemployment Estimates,” she added.

This Covid-19 adjusted monthly unemployment measure includes those in receipt of the PUP in the calculation of the adjusted unemployment rate. It should be considered as the upper bound for the true rate of unemployment and the standard monthly rate as the lower bound.

“The Covid-19 crisis has continued to have a significant impact on the labour market in Ireland in May 2020.

“While the standard measure of monthly unemployment was 5.6% in May 2020, a new Covid-19 adjusted measure of unemployment indicates a rate as high as 26.1% if all claimants of the Pandemic Unemployment Payment were classified as unemployed.

In May, the monthly unemployment rates for men and women were 5.5% and 5.7% respectively.

Breaking the results down by broad age group, the monthly unemployment rate for those aged 15 to 24 years was 13.5% while it was 4.5% for those aged 25 to 74 years.

The CSO also published an alternative Covid-19 adjusted unemployment measure estimating the share of the labour force that was not working due to unemployment or who were out of work due to Covid-19 and receiving the PUP.

If all claimants of the PUP were classified as unemployed, this Covid-19 adjusted measure of unemployment indicates a rate of 26.6% for men and 25.5% for women.

Breaking the results down by broad age group, the new Covid-19 adjusted measure of unemployment indicates a rate of 51% for those aged 15 to 24 years and 22.5% for those aged 25 to 74 years.

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    Mute Marie Broomfield
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    Jan 11th 2022, 7:45 AM

    Not our busines to know exactly what he died from but “dysfunction of his immune system.” sure makes me wonder why the mystery!

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    Mute Tom Kelly
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    Jan 11th 2022, 7:55 AM

    @Marie Broomfield: what mystery?? Look up the condition at 100s of things can cause it!!!

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    Mute Fr. Fintan Stack
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    Jan 11th 2022, 8:44 AM

    @Marie Broomfield: Maybe just leave it at your first 10 words…… RIP.

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    Mute Marie Broomfield
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    Jan 11th 2022, 9:16 AM

    @Tom Kelly: yes, so why not be more specific.

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    Mute Marie Broomfield
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    Jan 11th 2022, 9:17 AM

    @Fr. Fintan Stack: becuase you say so?lol

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    Mute Marco
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    Jan 11th 2022, 10:30 AM

    @Marie Broomfield: no mistery here, he had a lymphatic cancer few years ago.

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    Mute Roy Dowling
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    Jan 11th 2022, 10:35 AM

    @Marie Broomfield: Because it’s none of our business.

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    Mute Eoin Roche
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    Jan 11th 2022, 10:37 AM

    @Marie Broomfield: you were right to start with, none of your business.

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    Mute Marc Johns
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    Jan 11th 2022, 11:14 AM

    @Eoin Roche: it’s anyones and everyone’s business. That’s why we have inquests and death certificates. Matter of public record.

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    Mute David Jordan
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    Jan 11th 2022, 12:27 PM

    @Marie Broomfield: David Sassoli received a bone marrow transplant 10 years ago, this is commonly used to treat multiple myeloma.

    “He had undergone a bone marrow transplant 10 years ago and he died in a cancer clinic in the northeastern town of Aviano.”

    https://www.reuters.com/world/europe/eu-parliament-president-sassoli-has-died-spokesperson-2022-01-11/

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    Mute 011Y
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    Jan 11th 2022, 8:03 AM

    He seemed like a really decent human being. RIP.

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    Mute Declan J Walsh
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    Jan 11th 2022, 7:49 AM

    RIP

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