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Unemployment edges up in January – CSO

The unemployment rate rose slightly in January, according to the Central Statistics Office, but continues to fall on an annual basis.

The seasonally-adjusted rate stood at 4.8% last month – up 0.1 percentage points compared to December.

However it is 0.3 percentage points lower than the rate recorded in January 2019.

Last month the seasonally-adjusted number of people unemployed was 120,200, which is 3,300 higher month-on-month but 4,000 lower over the year.

Meanwhile there were 36,200 under 24s unemployed in January, giving a youth unemployment rate of 11.8% in the month.

That is up 2,800 (0.7 percentage points) on December but 500 (0.6 percentage points) lower year-on-year.

According to the CSO the unemployment rate for males was 5% in January, while the female rate stood at 4.6%.

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