March unemployment figures down by 11.8% on last year

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March unemployment figures down by 11.8% on last yearIn March, persons registering for work under Part 1 and Part 2 of the unemployment register amounted to 6,662: 5,932 in Malta and 730 in Gozo. Both Malta and Gozo registered decreases in the number of registered unemployed when compared to the previous year, of 846 and 48 persons respectively.

The number of men on the unemployment register amounted to 5,296, or 79.5 per cent, while that of women stood at 1,366, or 20.5 per cent. The incidence of unemployment decreased for both men and women, by 570 and 324 respectively, when compared to 2010 levels.

In comparison to the previous year, unemployment declined across all the age groups. The largest drop in unemployment was registered among persons aged 45 and over (-258 persons). There were drops of 26.0 per cent and 17.3 per cent among persons aged under 20 and those aged between 20 and 24.

The number of persons who had been registering for work for less than 20 weeks decreased by 354, or 11.0 per cent, while those who had been registering for work for more than one year also dropped by 294, or 11.2 per cent. Most unemployed men were seeking occupations related to services, sales and crafts, whereas women sought clerical and service-oriented occupations.

The registered unemployment rate (excluding part-timers) for November 2010 stood at 4.3 per cent of the labour supply. This rate stood at 5.1 per cent for men and 2.8 per cent for women. The registered unemployment rate among workers aged 45 and over stood at 4.5 per cent, while that in respect of persons aged less than 25 stood at 4.8 per cent.

The unemployment rate of persons who had been registering for work for at least one year under Part 1 of the unemployment register remained at par with last year’s figure, at 1.6 per cent. This rate stood at 1.9 and 0.8 per cent among men and women respectively.

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