Unemployment still at lowest level in nine years
The number of recorded unemployed at the State Public Employment Services fell in the last 12 months by 212,323. This represents a year-on-year decrease of 6.12%. In seasonally-adjusted terms, unemployment fell by 27,483 people.
The number of unemployed rose in October by 52,194 on the previous month. This figure is lower than the increase of 56,884 recorded this time last year.
Total unemployment stands at 3,254,703. Hence, recorded unemployment remains among its lowest levels in the last nine years.
Unemployment among men stands at 1,340,190, a rise of 27,039 (2.06%), while unem-ployment among women stands at 1,914,513, a rise of 25,155 (1.3%) on September. When compared with October 2017, unemployment among men has fallen by 125,187 (-8.5%) and among women by 87,136 (-4.3%).
Unemployment among young people under the age of 25 rose by 10,724 (4.07%) in October when compared with the previous month. In the last 12 months, youth unemployment has fallen by 23,145 (7.8%). This is more than 1.5 points higher than the overall rate of decrease (6.1%).
Unemployment among those aged 25 and above rose by 41,470 (1.4%) in October when compared with September.
By sector of economic activity, recorded unem-ployment fell in the con-struction sector by 3,695 (-1.3%). In contrast, it rose in the agricultural sector by 9,301 (6.6%), the industrial sector by 2,821 (1.01%), in the service sector by 43,219 (1.9%) and among first-time job-seekers by 548 (0.19%).