August saw close to around 40,000 fewer people signing on the dole than the same month last year, according to the latest Live Register figures.
And on a monthly basis, the number of people on the Live Register continued to fall, dropping by 1,900 in August to bring the seasonally adjusted total to 341,400.
On a seasonally adjusted basis, the Live Register showed a monthly decrease of 1,400 men in August, while women dropped by 400 over the same period.
It comes just days after a separate release showed that the unemployment rate held steady last month at 9.5pc.
The Central Statistics Office revised down the jobless rate for June and July to 9.5pc, leaving the rate the same for three months running.
There were 32,200 fewer unemployed last month than in August last year, when the unemployment rate was 11.1pc.
Even though the rate remains steady, experts said all the signs point to the labour market improving further in the coming months.
Business lobby group the Irish Small and Medium Enterprises Association (ISME) welcomed the Live Register data, but warned that job growth figures would remain slow unless costs were curtailed and a more "business-friendly attitude was evident from the relevant ministers".
"The recovery in the economy has stalled somewhat, from a jobs perspective," said ISME chief executive Mark Fielding.
"This is due to the threat of unsustainable wage expectations being encouraged by the public sector cave-in and minimum wage increases."