Data released by the National Statistics Office today, show that in February the seasonally adjusted monthly unemployment rate stood at 3.5%, remaining stable compared with the previous month.
This was an increase of 0.23 percentage points when compared to the same month in 2025.
The number of unemployed persons was 12,018, a slight decrease of 0.1% on the previous month and an increase of 12.4% on the same month in 2025.
The NSO noted that the 25 to 74 age group was once again the major contributor to the overall level of unemployment totalling 8,558 or 71.5%. The figure for unemployed youths amounted 3,431 or 28.5%.
The unemployment rate for both males and females remained stable when compared to January at 3.3% and 3.8% respectively.
The unemployment rate for persons aged 15 to 24 years (youth unemployment rate) decreased by 0.3 percentage points compared to the previous month, reaching 12.4%. The rate for those aged between 25 and 74 years stood at 2.7%, which remained constant when compared with the previous month.
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