Unemployment figures on the rise for both Malta and Gozo
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In March, registered unemployed persons stood at 7,350, up by 384 over the corresponding month last year.
Administrative records held at the Employment and Training Corporation (ETC) indicated an increase of 588 persons, or 9.4 per cent, registering for work under Part 1 of the unemployment register, to 6,853. On the other hand, persons registering under Part 2 dropped by 204, or 29.1 per cent, to 497. Overall, the number of persons on the register went up by 384, or 5.5 per cent.
In the twelve months to March, unemployment on the mainland increased by 372, or 6.0 per cent, while unemployment in Gozo edged up by 12, or 1.6 per cent.
When compared to last year, the number of registered unemployed aged 45 and over increased by 6.7 per cent: up by 7.9 per cent in Malta and down by 5.3 per cent in Gozo. On the other hand, persons aged under 20 registering as unemployed decreased by 47, or 9.2 per cent. Part 1 registrants aged 45 and over accounted for 42.0 per cent of the total, in contrast to the 29 per cent share of Part 2 registrants.
In comparison with the corresponding month a year ago, registrants whose duration of unemployment exceeded one year went up by 437, or 18.7 per cent. In contrast, unemployed persons who have been on the register for less than 21 weeks decreased by 158, or 5.2 per cent.
In the twelve-month period to March, there were different unemployment trends between Part 1 and Part 2 registrants. In this regard, Part 1 registrants who were on the register for less than 21 weeks increased by 33, or 1.4 per cent, while Part 2 registrants decreased by 191, or 30.1 per cent.
In November 2012, the registered unemployment rate stood at 4.4 per cent of the labour supply (excluding part-timers): 5.2 per cent for men and 3.0 per cent for women. The unemployment rate for persons registering under Part 1 stood at 4.9 per cent among those aged 45 and over, and 5.4 per cent for those under 25.
The unemployment rate of persons who had been registering for work for at least one year under Part 1 of the unemployment register stood at 1.6 per cent: 2.1 per cent for men and 0.8 per cent for women.