Unemployment set to rise to 8% in 2022 – Irish central bank

Bottlenecks in the jobs market may delay employment’s return to pre-pandemic levels


The Covid-19 pandemic will have a significant impact on unemployment in Ireland, according to new data from the central bank, which forecasts unemployment rising to 6.6% this year.

The Central Bank of Ireland’s quarterly bulletin notes that Covid-19-adjusted unemployment – which includes those in the government’s pandemic unemployment programme – was 24.8% in February. This equates to 600,000 people out of work.

According to the central bank’s data, unemployment in Ireland is expected to

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