Unemployment

Malta: Three-fourth of working age population in employment

Total employment stood at 260,827 between January and March this year, an increase of more than 13,500 compared to the first quarter last year. The Labour Force Survey published by…

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Malta: Unemployment rises by a tenth in May

The number of registered unemployed rose by 430 from April to May, an increase of 10.8 percent to reach 4,409. Figures published by the National Statistics Office show a rise…

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Malta: Consumer prices average lowest in 15 months

The Retail Price Index fell by 0.5 percent from April to May, closing at a rate of 103.43. Figures by the National Statistics Office show an annual rate increase of…

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Malta: A quarter of debt held by non-financial sectors

Malta is one of four EU countries where non-financial sectors hold more than a tenth of government debt. Figures by Eurostat show that 26 percent of debt in Malta is…

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Malta: Increase in asylum applications during 2019

There were 4,090 people requesting international protection in Malta during 2019, almost double the number recorded in the previous year. The figure represents 0.6 percent of the share of asylum…

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Malta: Services account reaches €857 million in first quarter

The current account balance rose to €200 million between January and March, up from €128 million in the same period in 2019. Figures by the National Statistics Office show that…

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Protests in Tunisia over unemployment

Hundreds of unemployed Tunisians from around the country tried to march on parliament Wednesday to demand a law guaranteeing jobs, and skirmished with police who blocked their way. Virus confinement…

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7.8 million French on temporary unemployment packages at end-May

Around 7.8 million French people were on temporary unemployment packages at the end of May, said French jobs minister Muriel Penicaud on Wednesday. Penicaud also told Radio Classique that the…

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Malta: Inflation rate drops below 1.0 percent

The annual rate of inflation in May reflected in the Harmonised Index of Consumer Prices (HICP) was 0.9 percent, the lowest since 2018. Data by the National Statistics Office shows…

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EU exports and imports with the rest of the world decline

Malta registered the smallest Extra-EU exports between January and April this year among the 27 members states. Data released by Eurostat shows that the country exported €0.4 billion to partners…

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EU27 register record lows in industrial production

Industrial in the European Union fell by 17.3 percent between March and April this year, the sharpest month-on-month drop since records by Eurostat began. By comparison, the largest decreases during…

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British Gas owner to cut 5,000 jobs

The owner of British Gas has said it will cut 5,000 jobs as part of a major restructuring plan to turn around the company. Centrica says half of its 40-strong…

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Malta: No unemployment ‘apocalypse’ expected, MEA survey indicates

The number of companies which expect to lay off workers in the coming months has decreased compared to the situation during the height of the coronavirus pandemic, an employers’ association survey…

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Malta records second-highest employment growth in EU

Malta was one of only ten EU states to register an increase in employment in the first quarter of 2020 compared with the previous quarter. Eurostat data shows that Malta…

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Malta: Trade deficit narrows in April

Imports and exports decreased between March and April, reducing the trade deficit by €90.8 million to close at €139.4 million. Figures by the National Statistics Office for the fourth month…

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Malta: Local film productions make €99,000 at the box office in 2019

Maltese film productions attracted just under 14,000 cinemagoers in 2019 registering a total €99,000 gross box office. Data by the National Statistics Office shows that there were 14 local productions…

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Malta: Highest emissions from transport in a decade

Emissions of greenhouse gases reached more than 2,190 kilotonnes net in 2018 according to the latest Greenhouse Gas Inventory data published by the National Statistics Office. CO2 emissions increased by…

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Malta: Industrial production index reaches lowest score in a year

Industrial production registered a drop for the third consecutive month in April, decreasing by 3.8 percent from March. Seasonally adjust figures by the National Statistics Office show that the index…

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Retail in Malta suffers biggest hit in EU

The volume or retail trade registered a sharp drop of 25 percent from March to April, the largest decrease among European Union members. Figures by Eurostat reveal that retail trade…

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Malta records highest rise in EU industrial producer prices

While industrial producer prices in the European Union fell by 1.9 percent between March and April, in Malta they increased by 0.5 percent. Figures by Eurostat show that the only…

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April unemployment rate edges up across the EU

Unemployment in April rose by 0.2 percent across the European Union from the previous month to reach a rate of 6.6 percent. Figures by Eurostat indicate a similar month-on-month increase…

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EU is second-biggest contributor to global GDP

The European Union generated 18.6 percent of the world Gross Domestic Product in 2018, according to the most recent data published by Eurostat. The contribution is the second-largest share after…

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Malta: National debt falls in relation to GDP

Government Debt stood at 43.1 percent of Gross Domestic Product in 2019, the lowest share in four years. Figures by the National Statistics Office show that national debt reached €5.6…

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Malta: Unemployment rises for fourth consecutive month

Unemployment rose by 0.4 percentage points from March to reach 4.0 percent in April. Figures released by the National Statistic Office show that the number of unemployed persons increased for…

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Malta: Consumer goods lift Producer Price Index in April

Industrial producer prices for consumer goods increased by 0.55 percent from March to April, driving the Producer Price Index up 0.17 percent. Data by the National Statistics Office reports an…

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Malta: Slimmest inflation rate in 24 months

The annual inflation rate in April was 0.83 percent, the lowest increase in the two years under review by the National Statistics Office. The change in cost of purchasing from…

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Malta: Services turnover takes a four percent plunge

The turnover index in the services sector decreased by 4.2 percent in the first quarter this year from the previous quarter, registering a decline in all sectors. Data by the…

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Malta: Number of unemployed more than doubles in pandemic

More than double the number of people registered for work in April, compared to the same month last year, official figures show. Some 3,979 people were seeking work, compared with…

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Malta: Registered unemployment grows fastest among 25-29 age group

The number of people registering for work rose by more than 1,800 from March to April this year. Data by the National Statistics Office shows that registered unemployment reached 3,979…

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Malta: Annual inflation rate in April above EU average

Malta’s annual inflation rate in April stood at 1.1 percent, the eighth highest among EU member states according to figures by Eurostat. The EU average was 0.7 percent, down from…

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Sharp decline in construction output across the EU

Production in construction fell by 12 percent from February to March across EU member states, according to data by Eurostat. In the euro area, the decease stood at 14.1 percent.…

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Malta: Outbound tourism falls by a fifth from last year

The number of visitors from Malta to other countries decreased by more than 30,000 between January and March, compared to the same period last year. Figures by the National Statistics…

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US unemployment could hit 25%

Unemployment in the United States could peak at 25% as a result of the coronavirus pandemic, according to the chair of the Federal Reserve, amid warnings the June quarter economic…

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Malta: €700 million trade deficit in first quarter

Balance of trade in Malta stood at -€700 million between January and March, according to estimates published by Eurostat. The economy registered a trade deficit of €400 million in intra-EU…

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Malta: Negative consumer goods sector curbs industrial revenues

Industrial turnover fell by 2.1 percent over the first quarter this year compared with the last three months of 2019. Data released by the National Statistics Office shows that the…

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European GDP suffers biggest hit in 25 years

The GDP in the European Union decreased by 3.3 percent between January and March, compared with the previous quarter, marking the sharpest decline since records first started being complied in…

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Australians warned worse still to come after job losses hit record high

Australian Prime Minister Scott Morrison warned citizens to brace for more bad news as data released on Thursday showed the country’s monthly job losses rose to a record high because…

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Malta: Industrial production down by 7 percent

Industrial production fell by 6.9 percent in March from the previous month, reflecting an EU-wide slump of 10.4 percent. Figures by Eurostat show that only four countries registered increases: Ireland…

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Malta: Gainfully occupied up 6% in latest figures

The number of gainfully occupied increased by 12,500 in November 2019 from the year before, according to the latest available data by Jobsplus. The total represents a rise of 5.9…

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Malta: Imports and exports down in first quarter

Malta registered a decrease in both imports and exports between January and March this year, according to data released by the National Statistics Office. Figures show a total value of…

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Canada records second highest unemployment rate in its history

At least 2 million Canadians lost their jobs in April, adding to the 1 million who were already unemployed through March. Canada’s unemployment rate stands at 13%, the second highest…

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Malta: Jobs reduced to 23-hour week in March

People in full-time employment worked an average 23 hours a week during the second half of March this year, according to figures published by the National Statistics Office. Eight in…

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US unemployment claims hit 33.3 million amid virus

A further 3.2 million Americans sought unemployment benefits last week as the economic toll from the coronavirus pandemic continued to mount. The new applications brought the total number of jobless…

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Malta scores lowest taxes on electricity prices in the EU

The share of taxes and levies worked into electricity prices for Maltese households stood at six percent at the end of last year, the lowest rate in the EU. Figures…

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Malta: Tourism drops by more than half in March

The total number of inbound tourists decreased by 56.5 percent in March, compared with the same month last year. Figures by the National Statistics Office reveal the harsh reality for…

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Malta: Social Security spend tops €240 million in first quarter

The expenditure on Social Security Benefits rose by 5.8 percent between January and March this year compared to the same period last year. Figures released by the National Statistics Office…

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Emissions from energy use down in the EU, up in Malta

Malta is one of four EU countries to have increased CO2 emissions from energy use in 2019, according to data published by Eurostat. Estimates show an overall reduction of 4.3…

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Malta registers third-lowest drop in retail trade in the EU

The volume of retail trade in March decreased by 1.2 percent from February, reflecting an EU-wide trend. Figures by Eurostat show a sharp drop in trade as the coronavirus pandemic…

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Youth unemployment in Britain expected to reach the 1 million mark

Youth unemployment in Britain will reach the 1 million mark over the coming year unless the government provides job guarantees or incentives for school leavers and graduates to stay on…

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Malta: Traffic accidents down by 8 percent in Covid-19 period

The number of road traffic accidents dropped sharply in March contributing to an 8.2 percent decrease in accidents in the first quarter of the year compared with the same period…

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Malta one of three countries to register increase in industrial producer prices

Malta, Cyprus, and Latvia were the only EU members to post a rise in industrial producer prices in March. Estimates by Eurostat indicate that industrial producer prices fell by 1.4…

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Malta: Increase in both registered and unregistered businesses

Registered businesses grew by 6,779 between 2018 and 2019, an increase of 5.8 percent, according to figures published by the National Statistics Office on Monday. There are now 123,649 companies…

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Malta: Unemployment rate at ten-month high

The monthly unemployment rate for March rose by 0.1 percentage points from February to reach 3.5 percent, according to National Statistics Office figures. The rate, however, is lower compared to…

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Half of France’s private sector workers on temporary unemployment scheme

The French minister of labour, Muriel Pénicaud, has said more than 10 million workers have signed up for the country’s temporary unemployment scheme. That means around 40% of France’s…

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Malta: Unemployment in Malta rises amid COVID-19 crash

Jobless people registering for work increased by 353 last month as the first tangible impacts of COVID-19 started being felt on the economy. The number of people registering for work…

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Malta: 800 persons have lost their jobs

800 persons have ended up losing their job within the first few days since the outbreak of COVID-19. 800 families that are not only combating the pandemic, but have also…

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Unemployment in Italy up to 9.9% in September

Italy’s ISTAT said that the country’s unemployment rose was 9.9% in September, up from 9.6% in August. The national statistics agency reported that the number of people looking for work…

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