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22.04 - 16:11
Covid-19 adjusted monthly jobless rate soars to 16.5% in March
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A new measure of unemployment shows that the jobless rate reached as high as 16.5% in March, new figures from the Central Statistics Office show today.
The CSO said that the Covid-19 crisis had a significant impact on the labour market in Ireland in March. It said the standard measure of Monthly Unemployment was 5.4% in March, up from 4.8% in February.
But the new Covid-19 Adjusted Measure of Unemployment could indicate a rate as high as 16.5% if all claimants of the Pandemic Unemployment Payment were classified as unemployed, the CSO said.
The jobless rate stood at 15.4% for men and 17.8% for women. Breaking the results down by broad age group, the CSO said the new Covid-19 adjusted measure of unemployment is 34% for those aged 15 to
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