Irish unemployment rate rises to 5.1%

Latest readout comes amid warnings that the labour market here is cooling after several years of growth

The seasonally adjusted number of people classified as being unemployed was 149,900 in July. Photograph: iStock
The seasonally adjusted number of people classified as being unemployed was 149,900 in July. Photograph: iStock

Irish unemployment edged up to 5.1 per cent in July amid signs the labour market here may be slowing.

The Central Statistics Office’s (CSO) measure of joblessness rose from 5 per cent to 5.1 per cent between June and July.

The seasonally adjusted number of people classified as being unemployed was 149,900 in July, compared with 147,100 in June.

The latest snapshot comes amid warnings that the labour market here is cooling after several years of significant growth.

The headline rate is still anchored at 5 per cent, however, which is low historically.

Don’t worry about a 12% fall in GDP, but watch unemployment closelyOpens in new window ]

“The recent uptick in unemployment reflects a recalibration of Ireland’s labour market, rather than a cause for concern,” said Kate English, chief economist at Deloitte Ireland

“Even though Ireland’s unemployment rate has risen slightly so far this year, the context is important. Ireland has been operating in an exceptionally tight labour market since 2022, with effectively full employment.

“Today’s data shows we’re still close to full employment and is reflective of positive labour market dynamics. Ireland’s labour market is still performing above historical and international levels,” she said.

The CSO said there was a rise of 2,600 in the seasonally adjusted number of people unemployed in July when compared with July 2025.

The seasonally adjusted number of unemployed males was 75,600 in July while the number of unemployed women was 74,300.

The youth unemployment rate was 12.3 per cent, up from a revised rate of 11.8 per cent the previous month.

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Eoin Burke-Kennedy

Eoin Burke-Kennedy

Eoin Burke-Kennedy is Economics Correspondent of The Irish Times