Private Sector Full-time Jobs Increased by 8,430 over the last year

Full-time Jobs Increased by 8,430 in the private sector, and by 758 in the public sector from April 2016 to April 2017. Registered unemployment went down by 1,174, while the Labour Force reached 190,554.

A worker operating a machine in a factory

According to the Labour Force Survey data provided by Jobsplus the number of full-time gainfully occupied people in Malta has increased by 9,188 and has reached a population of 187,977  as of April 2017. The private sector added 8,430 new full-time jobs, while the public sector was responsible for a further 758 since April 2016. The increase in jobs was complimented by a reduction of 1,174 in registered unemployment, netting an increase of 8,014 people to the Labour Force which now boasts a population of 190,554.

Unemployment Trends

Registered unemployment by the end of April 2017 was down to 2,577, down by 1,174 from 3,751 people a year before. These figures are very encouraging and denote a positive trend in the labour market foreshadowing that the current economic growth is likely to carry on. Specific unemployment statistics published by the NSO 2 weeks ago show that registered unemployment fell even further to 2,472 in September 2017.

However, the latter figure marks a year on year decrease in registered unemployment of “only” 735; which while still positive marks a slowdown on that front. While this is somewhat to be expected, given the record low registered unemployment figures stand at, it is a bit worrying that the figure for those who have been unemployed for over a year (currently at 1,156) is the one declining at the slowest rate.

Part-time Jobs

Registered part-time employment in April 2017 went up by 5.8 per cent when compared to a year
earlier.

Employed persons whose part-time job was their primary occupation totalled 34,858, up by 3.5 per cent when compared to  April 2016. The number of people holding both a part-timer and a full-time job amounted to 25,161, a 9.3 per cent increase when compared to the corresponding month in 2016.

The detailed Gainfully Occupied Population: April 2017 report published by the NSO, complete with all the data tables, can be found here.

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