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Unemployment drops to 5%

Unemployment in August was down by 854 over August 2009 and 239 when compared to the preceding month. the NSO said today.

It said that 6,589 were registered as unemployed in August .

In the 12-month period to August 2010, the number of registered unemployed decreased by 11.5 per cent and reached 6,589. On the other hand, the registered unemployed decreased by 3.5 per cent between July and August 2010.

Giving a breakdown of the unemployment figures, the NSO said there were 5,929 unemployed in Malta and 660 in Gozo. Over the one year period ending in August 2010, unemployment decreased by 784 and 70 in Malta and Gozo respectively. There was also an overall decrease in unemployment across all age groups when compared to the previous 12 months, as well as when compared to July 2010. Moreover, there was a decrease of 663 persons registering for work for less than 12 weeks when compared to the previous year.

Persons registering for employment for over one year increased by 83.

Among men, occupations related to trades and services were the most common, whereas women sought more clerical or service-oriented jobs.

The registered unemployment rate stood at 5.0 per cent of the labour supply (excluding part-timers).

On a gender basis, the unemployment rate for men stood at 5.7 per cent, while that for women stood at 3.5 per cent . The long-term unemployment rate (considering only those registering under Part 1) referring to persons who have been registering for work for more than 12 months, stood at 1.7 per cent. Among older workers (45 and over) the unemployment rate was 5.1 per cent. This rate in respect of young people (under 25) stood at 6.4 per cent .

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