The number of unemployed individuals decreased by 100 to 111,700.

The unemployment rate for males stayed at 3.8%, while for females, it was 4.1%. Youth unemployment dropped to 7.7% in May, down from 8.1% in April.

The unemployment rate for people aged 25-74 held steady at 3.4%, as reported by Trading Economics.

The unemployment rate for both males and females rose to 4% and 4.3%, respectively. Youth unemployment increased to 8.1%, up from 7.7% in May. The unemployment rate for individuals aged 25-74 also rose to 3.6%.

However, employment rates were off the scale in 2023 – as the employment rate for people aged 15-64 rose to 74.2 percent in the second quarter of the year, marking the highest level since the data series began in 1998, according to the Central Statistics Office (CSO).

The employment rate for women in this age group also reached a new high at 70.5 percent, while the unemployment rate for women aged 15-74 dropped to 4.2 percent, down from 4.5 percent in the same period of 2022.

For people aged 15-89, employment increased by 3.5 percent over the year to Q2.

The data indicated there were 121,200 unemployed people aged 15-74 from April to June, representing 4.4 percent, a slight decrease from 4.5 percent in Q2 of the previous year.

In contrast, the youth unemployment rate (aged 15-24) increased to 12.2 percent in the last quarter, up from 11.4 percent in the same period of 2022.

However, the overall estimated labour force, which includes all people aged 15-89 who were either employed or unemployed, grew by 3.4 percent over the year, totalling approximately 2,764,200. The estimated participation rate also rose from 65.2 percent to 65.7 percent during the same timeframe.