This week's CSO figures show the unemployment rose to 5%, up from 4.2% the same month last year.
It gives a mixed picture of employment here due to the low rate, but it is creeping up slowly.
The CSO also revised the unemployment rate for September from 4.7% to 5.1%.
Acknowledging the gradual increase, Senior Research Officer in the Economic Analysis Division of the ESRI Dr Elish Kelly said there are other indications that would support a slight softening in the labour market.
"We're also seeing that the employment rate is slowing, there are still over 2.8 million people employed in the economy, but the rate of employment growth is slowing too, said Ms Kelly.
"Wages is also growing at a slower rate, and we know in terms of work permits that the work permits outside the public sector, there's a slowdown there as well," she said.
"So whether or not it's a temporary situation or whether this is a permanent trajectory, we're not able to say at this stage it's too early yet," she concluded.
According to the CSO, there was also been a slight rise in youth unemployment at 13.4% in October, up from a revised rate of 13.3% in September.
Ms Kelly said this increase is quite small, however looking at the most recent force survey where the official measure of unemployment comes from, there has been a rise in youth unemployment between the second quarter of in 2024 and the second quarter of 2025.
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"When you break that down by age, so that measure of youth unemployment is 15 to 24, but it's actually the 15 to 19 year olds which you've seen the largest increase in unemployment," she said.
"Among the 20 to 24 year olds over that time period it has actually fallen. It is the younger group - the 15 to 19 year olds - where we're seeing the largest increase, it's gone up from about 17% to 22%, so that is quite a rise," she said.
"It would be a worrying trend because when you look at that age profile, the chances are they've lower levels of education and attainment, they're more likely to be employed in temporary type contracts and also are more vulnerable sectors that are sectors that are often the first to let people go when the economy does take a turn," said Ms Kelly.
The situation here is not unique, global trends also show rising youth unemployment levels.
Another issue highlighted this week, that is also a concern in other countries, is the prospect of a bigger tax burden on young people into the future.
The Future Forty, reinforced the forecast that Ireland will face a surge in its older population and falling tax revenues by 2065.
"I think the key point there is the role that migration is going to play, but we're not the only country that's going to be competing for workers. The key thing for our economy and for our government and policymakers is to ensure that Ireland continues to be an attractive place for people to come and live and therefore addressing some of the current bottlenecks around housing and cost of living," noted Ms Kelly.
They need to be addressed to ensure that people will want to come here in the future to support our labour force, and ensure that we have enough people here to help address some of the issues that we don't have a population ourselves to be able to address," she commented.
