Data released today from the National Statistics Office show that in February, the monthly unemployment rate was 3.2%, increasing by 0.1 percentage points on the previous month, and decreasing 0.3 percentage points on the same month last year. The rate for January 2024 stood at 3.1%, the NSO said.

The number of unemployed persons during February was 9,993, with the 25-74 age group being the major contributor to the overall level of employment.

The NSO noted that the seasonally adjusted number of unemployed youths amounted to 2,681, whereas the number of unemployed individuals aged between 25 and 74 years stood at 7,312.

For February 2024, the unemployment rate for males was 3.2%, increasing by 0.1 percentage points on the previous month. The rate for females stood at 3.1%, this was unchanged from January.

The unemployment rate during February 2024 for persons aged 15 to 24 years (youth unemployment rate) was 9.3% while the rate for those between 25 and 74 years stood at 2.5%.

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