Malta slips to fifth place

February 1, 2014

Malta slipped to the fifth place from the fourth with a higher unemployment rate reaching 6.7% in December 2013 when compared with other European Union Countries.  Malta was estimated as having 6.4% unemployment in December 2012. This increased to 6.6% in September 2013, increased to 6.7% in October, decreased to 6.5% in November and rose again to 6.7% in December 2013. The rate of unemployment among young people (under 25) in Malta is the fifth lowest in the EU. According to Eurostat figures youth unemployment in Malta was 13.7% in December 2012, rose to 14.0% in September, rose again to 14.4% in October and November and rose again to 15% in December 2013.

Eurostat estimates that 26.200 million men and women in the EU28, of whom 19.010 million were in the euro area, were unemployed in December 2013. Among the Member States, the lowest unemployment rates were recorded in Austria (4.9%), Germany (5.1%) and Luxembourg (6.2%), and the highest in Greece (27.8% in October 2013) and Spain (25.8%).

These figures are published by Eurostat, the statistical office of the European Union.