Latest data from the National Statistics Office show that in March, the monthly unemployment rate remained at 3.2%, at par with February. It decreased by 0.2 percentage points from March last year.

For March, the number of unemployed persons was 10,346, with the 25 to 74 age group being the major contributor to the overall level of unemployment.

The NSO noted that the seasonally adjusted number of unemployed youths amounted to 2,619, whereas the number of unemployed individuals aged between 25 and 74 years stood at 7,727

The unemployment rate for males was 3.3%, increasing by 0.1 percentage points on the previous month, while the rate for females stood at 3.2%, an increase of 0.1 percentage points on February.

The unemployment rate during March 2024 for persons aged 15 to 24 years (youth unemployment rate) was 9.0% while the rate for those between 25 and 74 years stood at 2.7%.

File photo

Permalink: Unemployment rates remains at 3.2% in March – NSO