Malta: Unemployment rises for fourth consecutive month

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Unemployment rose by 0.4 percentage points from March to reach 4.0 percent in April. Figures released by the National Statistic Office show that the number of unemployed persons increased for the fourth month in a row, climbing to 10,816 from 9,191 in January.

This is the first time that the unemployment rate hit the 4.0 percent mark since March 2018, and it was kept at its lowest rate of 3.3 percent between May and August 2019. Compared with the same month last year, April’s rate increased by 0.6 percent reflecting a difference in absolute numbers of 1,890 persons.

Nearly a third of people in unemployment are between 15 to 24 years, which at 10.8 percent of the age group represents the highest youth unemployment rate since April 2017. In March, the rate stood at 10.3 percent.

There are just under 7,300 unemployed in the 25-74 age bracket, 3.1 percent of the population category up from 2.7 percent in March. The last time the rate reached three percent of this age group was in June 2018.

Unemployment among males shot up by 0.7 percentage points from March, following six months at a constant 3.2 percent. There was no change in rate among females but, at 4.2 percent, it remains higher than the national unemployment rate.

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