Business News 

Unemployment rate drops in June

29th July 2020

Jobless males and those aged between 25 and 74 were the major contributors to the overall level of unemployment

The number of people officially registered as unemployed last month amounted to 11,496, down from the 11,677 in May.

The National Statistics Office said that the seasonally adjusted unemployment rate in June stood at 4.2 per cent, that is, 0.1 percentage point down when compared to the previous month but up 3.3 per cent over June 2019.

Jobless males and those aged between 25 and 74 (totalling 7,920) were the major contributors to the overall level of unemployment. The number of unemployed youths (aged between 15 and 24) stood at 3,577.

In the period under review, the unemployment rate for males was 3.8 per cent, down 0.1 percentage points when compared to the previous month, while that for females was 4.9 per cent, unchanged from May. Youth unemployment was 11.8 per cent, down from 12.3 per cent the previous month and the rate with regard to those between the age of 25 and 74 remained unchanged at 3.3 per cent.


Unemployment rate drops in June