New figures from the Central Statistics Office show that the unemployment rate fell to 3.9% in February, from 4% a month earlier, to match a previous record low of the early 2000s.
The previous low of 3.9% was hit between October 2000 and April 2001 in the early days of the "Celtic Tiger" boom.
The jobless rate had previously provisionally matched that level during 2023 and at one point fell to 3.8%, before being revised higher.
Unemployment in Ireland's strongly growing economy has remained below 4.6% since April 2022, shortly after the country emerged from the last of its COVID-19 restrictions.
On an annual basis, the CSO said the unemployment rate of 3.9% is down from a revised rate of 4.2% the same month last year.
Today's CSO figures show that the monthly jobless rate for men stood at 3.8% in February, down from the rate of 4% recorded in both the previous month and the same month last year.
The monthly unemployment rate for women fell to 3.9% from a revised rate of 4% in January 2025, and down from a rate of 4.3% in February 2024.
Meanwhile, the youth unemployment rate decreased to 11.3% last month from a revised rate of 11.8% in January.
The CSO said the seasonally adjusted number of people who were unemployed stood at 111,500 in February, compared with 115,700 in January 2025.
There was a fall of 5,600 in the seasonally adjusted number of people unemployed in February of this year when compared with February 2024, it added.
Alexandre Judes, economist at hiring platform Indeed, said today's CSO figures show that the Irish labour market remains robust and is now technically at full employment - a record level previously reached in October 2000.
"The remarkable strength of the Irish labour market continues to result in relatively high levels of wage growth. An analysis of Indeed's full year data for 2024 showed Ireland’s year on year wage growth averaged 4.6% while the figure at the end of last month was 4.9%," the economist said.
"This is higher than the 2024 average of 1.6% in France, 3% in Germany and 3.4% in Italy, but lower than the average of 6.3% in the Netherlands and similar to the 4.8% recorded in Spain," he noted.
"Alongside the US and the UK, where wage growth is currently running at 3.1% and 6.1%, Ireland is one of the few countries analysed by Indeed where workers have benefitted from real wage growth with increases in pay exceeding inflation," he added.
The economist also said that confirmation that Ireland is now at full employment comes as the CSO's more recent Labour Force Survey showed the estimated number of people in employment was 2.8 million at the end of 2024, up 2.6% compared with the previous year.
