In the first quarter of 2024, the Labour Force Survey estimated that 306,571 people were employed in Malta, a 4.6% increase from the previous year, representing 64.3% of the population aged 15 and over.
Unemployment stood at 9,301 (1.9%), while 161,243 (33.8%) were inactive. The activity rate was 81.3%, peaking at 91.6% among those aged 25-54.
Employment rates showed 79 out of every 100 people aged 15-64 were employed, with male employment at 84.7 % and female employment at 72.0 %. The 25-34 age group had the highest employment for both genders. Self-employed individuals made up 13.8% of the workforce.
Most employees (271,309) worked full-time, averaging 40.9 hours per week, while part-timers (35,262) averaged 21.5 hours. Overall, the average weekly hours worked were 34.1, a decrease from the previous year.
The average monthly salary was €1,928, highest in the financial and insurance sector. Salaries ranged from €1,223 in elementary occupations to €3,132 for managers.
The unemployment rate was 3.0%, predominantly among those aged 25-74. Females constituted 58.7% of inactive persons, mostly due to retirement. Forty percent of the population had a low education level, whereas 37.0% of the employed had tertiary education.
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Source: NSO