Labour Force Survey estimates indicate 5.5% increase in employment

Data shows that 33.3% of those employed had a tertiary level education

Miguela Xuereb

Labour Force Survey estimates indicate that, during the first quarter of this year total employment stood at 260,827 accounting for 60.3% of the population aged 15 and over.

According to the data published by the National Statistics Office, NSO, unemployed persons stood at 9,006, 2.1% while inactive persons totalled 162,656, 37.6%.

Statistics show that the activity rate for the quarter under review was estimated at 77.2% with the highest rate recorded among persons aged 25 to 54, 89.4%.

On average, out of every 100 persons aged between 15 and 64 years, 75 were employed. The male employment rate for this age bracket was 82.6% while that for females stood at 65.7%.

The largest share of employed persons was recorded among persons aged between 25 and 34 years, for both males and females. 33.3% of those employed had a tertiary level education

The data also shows that self-employed persons accounted for 15.5%of all persons with a main job. The majority of employed persons worked on a full-time basis totalling 225,836 and 34,991 had a part-time job as their primary employment.

Results show that, on average, full-timers usually worked 41.6 hours while part-timers worked 21.4 hours per week.

The average annual basic salary of employees for the first quarter of 2020 was estimated at €20,196. The highest basic salary was recorded in the Financial and insurance activities sector.

Also, the Labour Force Survey shows that the unemployment rate for the first quarter of 2020, stood at 3.3%.

The largest share of unemployed persons was recorded among persons aged 25 to 74 years. Females accounted for 60.6% of total inactive persons and those over 65 years made up the highest share of the inactive.

Over 40 per cent were inactive because they had reached retirement age or were taking up early retirement.