I thank the Deputy for her question. The programme for Government sets out a strong enterprise and fiscal framework that prioritises economic and employment growth, with a target of creating 300,000 extra jobs by 2030. I am pleased to report that the Irish labour market saw sustained employment growth, rising labour force participation and record job numbers last year, indicative of a resilient performance. In total, over 2.8 million people are now employed in Ireland.
The unemployment rate remained unchanged at 4.7% in January, broadly consistent with full employment. The youth unemployment rate, for those between the ages of 15 and 24, increased slightly to 11.8% in January but remains well below the EU and euro area averages. It is not unusual for youth unemployment rates to be higher than those of older cohorts. This can be due to a lack of relevant work experience among youth workers, skills mismatches, or difficulties experienced in moving between education and employment, with clear seasonal and demographic patterns. However, many of these factors are temporary in nature. As young people widen their professional networks and gain broader work and life experience, their employment prospects improve. It is also important that we focus on employment as well as unemployment, with the former clearly under the remit of my Department.
The statistics show that we created a lot of jobs right across the economy last year and that our employment rates for young people are very high by any margin, certainly in comparison to our European peers. It is important to stress that huge numbers of our young people are in education or training as well as in employment. I can point the Deputy to CSO data for this very subject, in particular the CSO data on a series of measures in regard to the numbers of people not in employment, education or training, the so-called not in education, employment or training, NEETs, rate. In 2023, for Ireland, the rate was 8.6% relative to an average of 12.1% across Europe. We are doing so much right here in creating opportunities for young people.