The unemployment rate, when adjusted to include those on the Pandemic Unemployment Payment, stood at 12.4% in August. The latest release from the Central Statistics Office shows the jobless rate fell from 13.5% in July and compares to 17.1% the same time last year.
The CSO said the seasonally adjusted traditional rate of unemployment was 6.4%, down marginally from 6.5% in July. The same measure was 7.1% in August last year.
When the seasonally adjusted rate is broken down by age, unemployment was 16.9% amongst 15-24 year olds and 4.8% for those 25-74.
The Covid-19 adjusted jobless measure, which includes those on the PUP, was 25.6% for 15-24 year olds and 10.1% for 25-74 year olds.