The monthly unemployment rate for May stood at 2.7%, the National Statistics Office said today. The figure was up by 0.1 percentage points on the previous month and down 0.5 percentage points on last year.

The number of unemployed persons was 8,970, up 1.3% on the previous month and down 14.5% on the same period in 2024.

The NSO noted that the 25 to 74 age group was once again the major contributor to the overall level of unemployment at 7,278 – 81.1%. The figure for unemployed youths amounted to 1,693 – 18.9%.

The unemployment rate for males once again stood at 2.7%. The male unemployment rate remained stable when compared to the previous month, while the female unemployment rate stood at 2.6% remaining unchanged to the previous month.

The unemployment rate for persons aged 15 to 24 years (youth unemployment rate) was 5.9%, down 0.6 percentage points, while the rate for those aged between 25 and 74 years stood at 2.4%, increasing by 0.1 percentage points when compared to April.

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