|Tuesday, February 19, 2019
You are here: Home » hot news » Jobless figure on par with lowest levels for nine years
  • Follow Us!

Jobless figure on par with lowest levels for nine years 

PAGE 18 Jobless figure on par  with lowest levels for nine years

The number of recorded unemployed at the State Public Employment Services fell by 210,484 in the last 12 months at a year-on-year rate of -6.17%.

The total number of recorded unemployed now stands at 3,202,297. Recorded unemployment remains at one of the lowest levels in the last nine years.

In seasonally-adjusted terms, unemployment fell by 8,746 people.

The number of unemployed fell by 50,570 in December when compared with the previous month, a decrease of 1.55%.

Unemployment among men stands at 1,337,244, a decrease of 5,697 (down 0.42%), while unemployment among women stands at 1,865,053, a decrease of 44,873 (down 2.35%) when compared with November. When compared with December 2017, unemployment among men has fallen by 122,482 (down 8.39%) and among women by 88,002 (down 4.51%).

Unemployment among young people under the age of 25 fell by 17,378 in December (down 6.57%) when compared with the previous month. In year-on-year terms, youth unemployment has fallen by 21,194 people at a rate of -7.9% (1.73 points faster than the overall rate of decrease). Unemployment among those aged 25 and above fell by 33,192 (down 1.11%).

By sector of economic activity, recorded unemployment fell in Agriculture by 10,392 (down 6.97%), Services by 43,874 (down 1.93%) and among first-time job-seekers by 10,269 (down 3.66%). In contrast, recorded unemployment rose in the Industrial sector by 3,967 (up 1.42%) and Construction by 9,998 (up 3.74%).

A total of 2,284,924 permanent employment contracts were signed in 2018 as a whole, an increase of 355,674 on the previous year. This figure is the highest since current records began and represents an increase of 18.44% on the total number recorded in 2017.