New figures from the Central Statistics Office show that the seasonally adjusted unemployment rate for August was 4.1%, unchanged from the rate recorded in July and down from 4.4% in August last year.
Today's CSO figures show that the seasonally adjusted number of people unemployed stood at 111,500 in August, down from 112,200 in July.
There was a decrease of 4,100 in the seasonally adjusted number of people unemployed in August compared with a year earlier.
The CSO noted that the unemployment rate for men was unchanged at 4.3% from the July rate but it marked an increase from the rate of 4.1% the same time last year.
The jobless rate for women was also unchanged at 3.9%, while it was lower than the rate of 4.6% during the same month in 2022.
Today's figures also show that the youth unemployment rate rose to 11.2% from a revised rate of 10.8% in July.
Commenting on today's figures, Jack Kennedy, senior economist at global job site Indeed, said they show that the labour market remains effectively at capacity while the country's economic performance continues to impress.
He said that as well as strong employment, the country is benefitting from bumper, albeit volatile, tax takes, but cautioned that there is still a challenge in balancing such a strong economy with the individual experiences of some households at a time of high inflation.
"Higher prices and increased energy and mortgage costs have affected consumer sentiment and could lead to a wage price increase spiral as employees seek better pay or move jobs to achieve it," Jack Kennedy said/
The economist said that employers should focus on policies that will retain staff and make a business more attractive to would-be employees is vital.
"Measures such as equal and transparent pay, flexible working, good employee benefits and ensuring staff are motivated and energised, are not only the right thing to do, but have been shown to improve retention and recruitment and, in many cases, result in increased outputs," he added.
