Business News 

Seasonally adjusted unemployment rate for July 2020 at 4.1%

31st August 2020

A decrease in unemployment by 0.2 percentage points from the previous month was recorded

The seasonally adjusted unemployment rate for July 2020 stood at 4.1 per cent, decreasing by 0.2 percentage points from the previous month, and up by 0.5 percentage points when compared to July 2019.

In a press release issued by the National Statistics Office, it said that during July 2020, the seasonally adjusted number of unemployed persons was 11,195, with unemployed males and the 25-74 age group being the major contributors to the overall level of unemployment.

The seasonally adjusted number of unemployed youths amounted to 2,476, whereas those aged between 25 and 74 stood at 8,719.

In July 2020, the seasonally adjusted unemployment rate for males was 3.8 per cent, decreasing by 0.1 percentage points from the previous month. The rate for females stood at 4.6 per cent, 0.2 percentage points less than June 2020 estimates.

The seasonally adjusted youth unemployment rate, for persons aged 15-24, was 9.1 per cent, while the rate for those between 25 and 74 stood at 3.6 per cent.


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Seasonally adjusted unemployment rate for July 2020 at 4.1%