Home > Ireland > 1 in 4 unemployed in January as most recent lockdown hits

1 in 4 unemployed in January as most recent lockdown hits

Written by Robert McHugh, on 5th Feb 2021. Posted in Ireland

article headline

The Central Statistics Office (CSO) reported this week that the Covid-19 adjusted unemployment rate rose to 25.0% in January, up from 19.4% in December. These figures are an estimate based on the Live Register and Covid-19 related claims.

The main unemployment rate was unchanged from December at 5.8% in January on a seasonally-adjusted basis, up from 5.1% twelve months ago. 
 
Global job site Indeed say the "startling" figures show the return to national lockdown has applied the brakes to the economy once more and with the country facing several more months under tight restrictions, the rapid roll-out of the vaccination programme is now vital, both for public health and for the health of the economy. 
 
The employment experts say it will be interesting to see how many of the changes Covid has brought are here to stay. Ireland has seen significant behavioural change affect industries like retail, with high street shops suffering from lack of footfall and ultimately closing. 

Speaking this week, economist at global job site Indeed, Jack Kennedy said, "It's possible we will see the job profile in this industry transform as it moves from bricks and mortar to more online selling. We already saw a rise in warehouse and delivery jobs last year, it now looks like this could be less of a temporary trend and more of a cultural shift."

He added, "Brexit may also bring lasting change to the shape of the labour market. Industries highly sensitive to supply chain issues will likely continue to transform and adapt in order to circumvent these challenges, bringing new opportunities for the labour market."

Source: www.businessworld.ie

More articles from Ireland

image Description

Irish Government gives hope with rapid increase in vaccine deployment

Read more
image Description

Enterprise Ireland more than doubles its investment in start-up companies in 2020

Read more
image Description

Cautious reopening plans to be unveiled in Ireland and the UK

Read more
image Description

Irish households and firms downbeat about the current situation

Read more
image Description

Ireland has one of the lowest levels of SME digital adoption in the EU

Read more