• Ireland's unemployment rate drops to 5.6 percent in February

Market news

5 March 2019

Ireland's unemployment rate drops to 5.6 percent in February

Ireland's national statistical office reported on Tuesday the country's unemployment rate fell to 5.6 percent in February from 5.7 percent in the previous month. 

The January reading was upwardly revised from an initial estimate of 5.3 percent. Monthly unemployment rates have been subject to this kind of revisions in recent quarters.

Unemployment in Ireland has declined steadily since peaking at 16 percent in 2012 when the country was midway through a three-year international bailout. 

The rate stood at 5.8 percent a year ago.

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