In March, the monthly unemployment rate was 2.9%, in the same month last year the rate stood at 3.0%, with an increase in youth unemployment noted, the National Statistics Office said today.

However, the data shows that the unemployment rate in March for persons aged 15 to 24 years (youth unemployment rate) was 9.2%, an increase on the same month last year when the rate stood at 8.4%. It was down on the previous month (February) when it stood at 9.6%

The rate for those between 25 and 74 years stood at 2.3%, last year it was 2.4%.

The unemployment rate in March for males was 3.0%, down from 3.4% last year, while the rate for females stood at 2.8%, slightly up on last year when the rate was 2.4%.

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