October unemployment up 8.3%

November 25, 2013

In the latest press statement issued by the National Statistics Office in October persons registering as unemployed numbered 7,594, up by 581, or 8.3 per cent, over the corresponding month in 2012. Data provided by the Employment and Training Corporation (ETC), indicate a year-on-year increase of  751 persons (11.9 per cent) registering under Part 1 and a drop of 170 persons (24.8 per cent) registering under Part 2 of the unemployment register.

Registered unemployment in Malta rose by 8.6 per cent to 6,845, while that in Gozo went up by 5.3 per cent to 749.  Unemployed persons aged 45 and over went up by 9.9 per cent to 3,113 when compared to 2012 levels. An increase of 579 persons have been unemployment for more than one year. On the other hand, persons who had been registering for less than 21 weeks decreased by 57.  There was  a slight downward shift in registrants with a disability, totalling 505 during the month under review, of which 429 were males.

The registered unemployment rate in June 2013 stood at 4.5 per cent of the labour supply, and varied from 5.2 per cent among men to 3.0 per cent among women. The registered unemployed rate among persons aged 45 and over stood at 5.2 per cent, while that for persons under 25 reached 5.0 per cent. The long-term unemployment rate stood at 1.8 per cent. 