Jānis Zelmenis

Malta registers slight drop in unemployment rate

13 January, 2014

Malta has registered a slight decrease in its unemployment rate, making it the fourth country with the lowest unemployment rate.The latest estimates published by the Eurostat show that Malta had a 6.4% unemployment rate in November, marking a 0.1% drop from October.

Malta was one of five countries in the European Union to register a change in the rate, while the unemployment rate across the 18 member states of the eurozone remained at a fixed 12%.

Over 12 months, between November 2012 and November 2013, Malta registered a 0.2% drop. By contrast in the Euro area, the rate of unemployment increased from 11.8% in November 2012 to 12.1% in November 2013.

Across the 28 member states of the EU, the rate increased from 10.8% to 10.9%.

Last year, Malta also moved up one place, ranking fourth, among the countries with the lowest unemployment rate.

During November 2013, youth unemployment stood at 13.7% compared to the 14.2% registered in November 2012.