The average gross salary in the third quarter last year, excluding overtime, bonuses and other payments, stood at €15,772, the NSO said today

In a report on the latest Labour Force Survey, it said employment grew by 3% in the third quarter of last year compared to the same period in 2012.

Total employment stood at 179,476, (174,126 in the third quarter of 2012) accounting for almost half the population aged 15 and over. Unemployed persons stood at 12,827 (4 per cent) while inactive persons totalled 168,429 (47 per cent).

The activity rate for the quarter under review was estimated at 66 per cent. When compared to the previous year, the activity rate among women increased by 3 percentage points, while the male activity rate rose by 1 percentage point.

The highest activity rate was recorded among persons aged 25-54 (78 per cent).

The Employed Population
Out of every 100 persons aged 15 to 64, 61 were employed. The rate increased by 2 percentage points compared to the corresponding quarter in 2012. The highest employment rate was recorded among persons aged between 25 and 54, at 74 per cent.

The majority of the employed worked on a full-time basis and totalled 151,526. An estimated 23,065 (13 per cent) had a part-time job as their primary employment. A further 4,885 were working on a full-time with reduced hours basis.

Salaries

The average gross annual salary of employees for the third quarter last year was estimated at €15,772. This amount excluded extra payments such as overtime, bonuses and allowances.

The highest average gross annual salary for employees was recorded in financial
and insurance activities. Average annual salaries varied from €25,302 among
managers to €10,923 among elementary staff.

The Unemployed population

The unemployment rate for the third quarter of 2013 stood at 6.7 per cent. The largest share of unemployed persons was recorded among persons aged 25 and over. Among the unemployed, 45 per cent stated they had been seeking work for at least 12 months.

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