New figures from the Central Statistics Office show that the country's unemployment rate fell to 4.7% in August from a month earlier.
The unemployment rate for July was also revised to 4.8% from the previously published 4.9%.
The unemployment rate had stood at 4.1% in August of last year.
The CSO said the monthly unemployment rate in August for men was 4.9%, down from 5% in July but up from a rate of 4% recorded in August of last year.
The unemployment rate for women was 4.5%, down from 4.7% in July and up from the revised rate of 4.3% in August 2024.
Meanwhile, the CSO said the youth unemployment rate in August fell to 11.9%, down from a revised rate of 12.1% in July.
Today's figures show that the seasonally adjusted number of people who were unemployed stood at 138,200 in August, compared with 142,200 in July.
There was an increase of 19,600 in the seasonally adjusted number of people unemployed in August compared to the same time last year, the CSO added.
Commenting on today's CSO figures, Kate English, chief economist at Deloitte Ireland, said that while there was concern about the slight increase in unemployment in July, in particular in the 15-24 years of age bracket, it is always important to remember that one figure is an indication, not evidence of a trend.
"Today's data reveals the number of people unemployed decreased to 138,200 in August, compared to 142,200 in July 2025. This means the unemployment rate also declined to 4.7%. For youth unemployment, the figure also declined, now sitting at 11.9%," Ms English said.
The economist said that monthly unemployment rates are estimates and often show volatility.
"However we monitor them as they show us the potential direction of travel for the quarterly data. Although the unemployment rate is higher today than it was 12 months ago, the slight decline in the August data is positive," she said.
"Job growth is still strong in Ireland, with 63,900 additional people employed in the second quarter of 2025 compared to a year earlier. Our unemployment rate is also below the EU average and exchequer receipts for August show continued strong income tax receipts," Kate English said.
"Next month we'll see how employment performed in the third quarter and whether we may be seeing the impact from tariffs. With data emerging from the US and UK signalling a slowdown in labour markets, this is critically important to monitor here also," she added.
