Unemployment: Jobless rate stable at 3% in March

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The unemployment rate for March 2022 stood at 3.0 per cent, declining by 0.1 percentage points when compared with the previous month and by 0.8 percentage points from March 2021.

During March 2022, the number of unemployed persons was 8,660, with the unemployed males and the 25 to 74 age group being the major contributors to the overall level of unemployment. The seasonally adjusted number of unemployed youths amounted to 2,743, whereas those aged between 25 and 74 years stood at 5,918.

For March 2022, the unemployment rate for males was 3.2 per cent, unchanged when compared with the previous month. The rate for females stood at 2.8 per cent, dropping by 0.2 percentage points when compared to February 2022.

The unemployment rate for persons aged 15 to 24 years (youth unemployment rate) was 10.0 per cent, while the rate for those aged between 25 and 74 years remained stable at 2.3 per cent.

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