According to Prime Minister Robert Abela, Malta has reached its lowest ever unemployment rate. It has fallen to 3% which is a tenth better than the rate in January of 2020. The unemployment rate in 2021 was reportedly as low as 3.5%.
In June of 2022, 8,627 people found themselves unemployed which is more than a 1,000-person decrease from the 9,648 people who were unemployed in June of 2021.
The National Statistics Office revealed that as of last month 1,831 workers between the age of 15 and 24 found themselves without a job whilst the rest were between the ages of 24 and 74.
From the 8,627 unemployed people, the majority of them were male. Last month there were 5,496 males without a job whilst there were 3,131 females who were unemployed.
The NSO also announced that the month of August 2021 saw the most unemployed people as there was over 10,000 people without a job.
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