December 2021 unemployment rate stood at 3.4%

The seasonally adjusted monthly unemployment rate for December 2021 stood at 3.4%, at par with the previous month

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The seasonally adjusted monthly unemployment rate for December 2021 stood at 3.4%, at par with the previous month.

For the month under review, the unemployment rate for males was 3.7%, while the rate for females stood at 3%. 

The unemployment rate during  December  2021  for persons aged 15 to  24  years  (youth unemployment rate) was 8.7%, while the rate for those aged between 25 and 74 years stood at 2.8%.

Components leading to the seasonally adjusted monthly unemployment rate

The unemployment rate for  December  2021 stood at par when compared with the previous month and declining by 0.9 percentage points from December 2020.

During December 2021, the number of unemployed persons was 9,693, with the unemployed males and the 25 to 74 age group being the major contributors to the overall level of unemployment.

The seasonally adjusted number of unemployed youths amounted to 2,545,  whereas those aged between  25  and  74 years stood at 7,148.

For the last month of 2021, the unemployment rate for males was 3.7%, while the rate for females stood at 3%. Both rates remain unchanged when compared to the previous month.

The unemployment rate for persons aged 15 to 24 years (youth unemployment rate) was at 8.7%, while the rate for those aged between 25 and 74 years stood at 2.8%.

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