Be the first to comment!81 out of every 100 persons aged between 20 and 64 were employed in 2022
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According to the latest data from the National Statistics Office, out of every 100 persons aged between 20 and 64 years, 81 were employed in 2022.
It noted that the services sector was the main contributor to the increase in employment rates between 2017 and 2022.
The activity rate for the 15-64 age group increased from 72.2% in 2017 to 80.0% in 2022, with females playing an important role in labour market growth, the NSO said.
The unemployment rate in 2022 stood at 2.9%, which, the NSO said, is well below the EU 27 average of 6.2%.
Last year, out of every 100 youths between 15 and 24 years, 5 were unemployed.
The NSO said that the rate of early leavers from education and training (ELET) stood at 10.1% during 2022, registering drops over a span of six years.
