Unemployed lady grasps hair in frustration

As per a National Statistic Office report on Friday, Malta’s unemployment rate was 4.8 per cent in November, up from 4.7 per cent the month before.

Unemployment rates in Malta

This represents an annual increase of 1.2 per cent when compared with November 2019, but is still significantly below the overall EU rate of 7.5 per cent.

Data shows a small increase in Matese youth unemployment in 2020, from 10.8 per cent in January to 11.4 per cent in November. On the other hand, unemployment among people older than 25 rose by twice as much. In January, unemployment rates for people aged 25+ rose from 2.8 per cent to 4 per cent.

The unemployment rate was largely consistent between men and women. In January, unemployment for both stood at 3.7 per cent and by November, it was 4.8 per cent for men and 4.7 per cent for women.

Overall EU unemployment rates over time do not seem to have been catastrophically impacted by COVID, rising only 0.9 per cent in comparison with November 2019. This represents c. 1.8 million people becoming unemployed across the EU between November 2019 and 2020. For reference, more than five million people became unemployed in the wake of the 2008 financial crash.

Malta’s 4.8 per cent unemployment rate represents 13,081 people currently unemployed, as characterised by EU definitions.  

Related

Malta

Local councils to receive over €48 million in 2024

June 18, 2024
by Robert Fenech

The allocation increased by 10% over the previous year

In the past year, 60% of Gozitan enterprises invested in their business – Gozo Business Sentiment survey

June 18, 2024
by Anthea Cachia

Industries planning future investment include wholesale and retail trade and construction, among others

Recent attacks demonstrate increasing vulnerability of global shipping – Minister Ian Borg

June 18, 2024
by BN Writer

He addressed the IMO International Maritime Law Institute’s 35th anniversary conference