Unemployment rate falls back to 4.9pc in November

The number of people classed as unemployed also declined month to month, the CSO estimated 144,400 people were out of work in November, compared with 147,100 in October.

However, the number of people who reported to be not working has increased when compared to same period last year where it sat at 4.2pc, this equated to a rise of 23,200 people unemployed in November of this year compared with 2024.

When broken down into individual gender, the unemployment rate for men and women remained close.

The rate for men fell to 4.9pc in November, down slightly from the month before, the rate for women showed no change at 5pc, although it has increased for woman over the year by a percent.

Young people continued to face the highest unemployment levels, for people aged 15 to 24, the unemployment rate was a significant 13.4pc, unchanged from the month before.

For the older demographic of adults aged between 25 to 74, the rate was 3.7pc, a marginal decrease recorded compared to October.

The latest Labour Force Survey results, released earlier in November, which tend to provide a broader picture of the labour market showed similar results.

It covers the third quarter of 2025 and showed an unemployment rate of 5.3pc among people aged 15 to 64, the highest in four years.

Due to the emergence of artificial intelligence (AI), there is a trend in companies stopping or reducing their hiring of young graduates, because so much of the basic work they traditionally do is now automated.

The study said there was 155,400 unemployed people aged between15 to 74 in that period, which was 25,900 more than a year earlier.

The employment rate of 74.7pc is very slightly down, but an extra 25,900 people are out of work in the corresponding period last year, according to the Labour Force Survey.

The CSO said the November unemployment figures represent its best current estimate of labour market conditions, the next release will include the December rate and any revisions to earlier months

The CSO’s monthly unemployment figures use modelling techniques, administrative records and survey data to produce ongoing estimates, the results are forecast-based and are updated when new Labour Force Survey information is incorporated, it said.

source

Leave a Reply

Your email address will not be published. Required fields are marked *