Be the first to comment!Employment in the third quarter up 3.2% on last year – NSO
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During the third quarter of 2016, Labour Force Survey estimates indicate an increase of 2.3 per cent in employment when compared to the corresponding quarter of 2015, the National Statistics Office said today.
Labour Force Survey estimates indicate that, during the third quarter, total employment stood at 193,893 accounting to more than half the population aged 15 and over. Unemployed persons stood at 9,870 (2.7 per cent) while inactive persons totalled 161,744 (44.3 per cent).
The activity rate for the quarter under review was estimated at 70.0 per cent with the highest rate recorded among persons aged 25-54 (82.0 per cent).
On average, out of every 100 persons aged between 15 to 64 years, 67 were employed. The male employment rate for this age bracket was 79.0 per cent while that for females stood at 53.6 per cent.
Self-employed persons accounted for 13.4 per cent of all persons with a main job. The majority worked on a full-time basis totalling 164,904 and 28,989 had a part-time job as their primary employment. Results show that, on average, full-timers work 41.5 hours while part-timers work 22.5 hours per week.
The average annual basic salary of employees for the third quarter of 2016 was estimated at €17,239.The highest basic salary was recorded in the Financial and Insurance Service sector. Average annual salaries varied from €29,040 among managers to €12,090 among persons employed in elementary occupations.
The unemployment rate for the third quarter of 2016, stood at 4.8 per cent. The largest share of unemployed persons was recorded among persons aged 25 and over.
Among the unemployed, 43.5 per cent stated that they had been seeking work for at least 12 months. The main reason for inactivity relates to persons reaching retirement age or taking up early retirement (42.0 per cent).
According to the Labour Force Survey 57.5 per cent of the 15 plus population had attained a low level of education. This comprises persons with less than 5 ordinary level or equivalent qualifications. Among the employed population 24.7 per cent had a tertiary level education.
