During the fourth quarter of last year, the Labour Force Survey estimates that total number of persons in employment was 305,218, or 64.4% of the population aged 15 and over. This was 3.4% higher when compared to the previous year.

The National Statistics Office said the survey shows that across all occupations, the average monthly basic salaries of employees varied from €2,959 among managers to €1,120 among persons employed in elementary occupations. The average monthly basic salary for employees in the fourth quarter was estimated at €1,837.

On average, the NSO said that out of every 100 persons aged between 15 and 64, 79 were employed.

Among the employed population 35.3% had a tertiary level of education.

The NSO noted that the unemployment rate for the fourth quarter of 2023, stood at 2.9%.

The main reason for inactivity relates to persons reaching retirement age or taking up early retirement (43.3%), the NSO said.

File photo: NSO

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