The unemployment rate in April 2016 stood at 8.4%, representing a drop of 1.3% when compared to April 2015. In people terms this drop represents 25,700 less people claiming unemployment benefit or assistance when compared to the same month last year.
When analysing the gender breakdown the rate of male unemployment still remains significantly higher than female unemployment. The seasonally adjusted unemployment rate for males in April 2016 stood at 9.9% whereas the equivalent rate for females was 6.6%.
In regards age profiling, the annual drop amongst amongst the 15-24 age group was very significant, at 3%. In April 2015 the 15-24 unemployment rate stood at 21% whereas a year later this rate had fallen to 18%. In regards the 25-74 age group the rate fell by a more modest 1.1%. However, it has a very low unemployment rate when compared to the 15-24 age bracket, standing at a mere 7.6%.
The rate of unemployment is one of the key measures in determining the health of an economy. The most recent results from the CSO show a buoyant jobs market in a growing economy.