Increased unemployment registered during March 2020

Miguela Xuereb

The seasonally adjusted monthly unemployment rate for March 2020 reached 3.5% which means an increase of 0.1 percentage points from the previous month, that is February.

This data was published by the National Statistics Office, NSO.

According to the data in March 2019 the seasonally adjusted monthly unemployment rate stood at 3.6%.

For the month under review, the seasonally adjusted rate for males was 3.1% while the rate for females stood at 4.1%.

The data compiled by NSO shows that the seasonally adjusted unemployment rate during March 2020 for persons aged 15 to 24 years, that is the youth unemployment rate, was 10.4% while the rate for those between 25 and 74 years stood at 2.6%

Statistics in this News Release should be interpreted in context to the unprecedented developments
and restrictions related to COVID-19.

Euro area unemployment rate at 7.4%

On a European level, the unemployment rate for March 2020 stood at 7.4% in the eurozone area whilst in all the EU countries the unemployment rate for the same month stood at 6,6%

According to the Eurostat, the statistical office of the European Union, in March 2020, the month when COVID-19 containment measures began to be widely introduced by member states, the euro area seasonally-adjusted unemployment rate was 7.4%, up from 7.3% in February 2020.

The EU unemployment rate was 6.6% in March 2020, up from 6.5% in February 2020.

Eurostat estimates that 14.141 million men and women in the EU, of whom 12.156 million in the euro area, were unemployed in March 2020. Compared with February 2020, the number of persons unemployed increased by 241,000 in the EU and by 197,000 in the euro area.