Unemployment rate rose to 23.1% in second quarter of 2020

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The unemployment rate in the Republic of Ireland rose to 23.1 per cent in the second quarter of 2020, according to the latest figures from the Central Statistics Office (CSO).

This accounts for 531,412 people unemployed, including those receiving the Pandemic Unemployment Payment (PUP).

The figure under the Standard Labour Force Survey (LFS) Methodology, not including PUP, is 118,700 (an unemployment rate of 5.1 per cent).

The LFS level of employment in the second quarter of 2020 (Q2 2020) stood at 65.7 per cent and 52.2 per cent under the Covid-19 adjusted estimate.

Unemployment rate

The overall unadjusted unemployment rate decreased from 5.4 per cent to 5.1 per cent over the year to Q2 2020. The total number of persons in the labour force in Q2 2020 was 2,341,200, representing a decrease of 89,600 (-3.7 per cent) over the year. This compares with an annual labour force increase of 31,400 (+1.3 per cent) in the same period last year.

Of those persons not in the labour force, the number classified as being in the potential additional labour force was 273,500 in Q2 2020.

The long-term unemployment rate decreased from 1.7 per cent in the second quarter of 2019 to 1.1 per cent in Q2 2020. Long-term unemployment accounted for 21.6 per cent of total unemployment in Q2 2020.

The total number of people in employment in Q2 2020 stood at 2,341,200 while the total number of people not in employment was 1,632,200.

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