The Labour Force Survey estimates that during the third quarter the total number of persons in employment was 323,207, this was 5.0% higher when compared to the previous year, the National Statistics Office said.

Today’s data shows that across all occupations, the average monthly basic salaries of employees varied from €3,159 among managers to €1,247 among persons employed in elementary occupations.

The NSO noted that the average monthly basic salary of employees for the second quarter was estimated at €1,964. The highest basic salary was recorded in the financial and insurance activities sector.

On average, out of every 100 persons aged between 15 and 64 years, 80 were employed, the NSO said.

Among the employed population 38.1% had a tertiary level of education.

The unemployment rate for the third quarter, stood at 3.1%.

The NSO noted that the main reason for inactivity relates to persons reaching retirement age or taking up early retirement (43.8%).

File photo NSO

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