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Unemployment decreases over first quarter of 2011
In the first quarter this year, the Labour Force Survey estimates, as calculated by the National Statistics Office, indicate an increase in employment and a decrease in unemployment over the corresponding quarter last year.
During the first quarter of 2011, the number of employed persons was estimated at 168,023, or 48% of the 15+ population. The number of unemployed persons stood at 11,517 while the number of inactive persons reached 174,275, amounting to 3% and 49% of the total population aged 15 and over, respectively.
Of those persons within the 15-64 age group, 61% were active. The highest activity rates among men and women were recorded in the 25-54 age group, with the male activity rate almost double that of females.
The employment rate for the first quarter was estimated at 57%, with the highest rates being recorded among persons aged between 25 and 54.
The largest share of employed men, 32%, were engaged in wholesale and retail trade, repair of motor vehicles and household goods, hotels and restaurants; transport and communication sectors. Most of the female employed population, 47%, worked in other service activities.
Employed persons were mostly engaged in service-oriented jobs. Service-oriented occupations prevailed among female workers (22%), while men were mostly engaged in craft-related jobs (17%).
In terms of professional status, self-employed persons accounted for nearly 14% of the total work force. In general, the majority of employed persons, 145,703, or 87%, were working on a full-time basis. On the other hand, 22,320 were engaged in full-time with reduced hours or part-time jobs.
During the period under review, the average gross annual salary of employees was estimated at €15,115. This amount refers to the basic salary and excludes extra payments such as overtime, bonuses and allowances, as explained in the methodological notes. On a sectoral basis, the highest average gross annual salary for employees was recorded in financial, real estate, renting and business activities. As expected, the highest average salary by main occupation was for legislators, senior officials and managerial occupations.
The unemployment rate for the period under review was estimated at 6.4%. On a gender basis, the share of unemployed males stood at 6.0%, while that for females stood at 7.3%.
The largest share of unemployed persons was recorded in the 15-24 age group. Within the unemployed population, 52% stated that they had been seeking work for 12 months or more.
