Last Updated 26 | 09 | 2012 at 11:20


Employment increases by 2.1%

Article By: news

In the second quarter, Labour Force Survey estimates show an increase of 2.1% in employment compared to last year. The female employment rate reached 43.9%.

Labour Force Survey estimates indicate that nearly half of the population aged 15 and over was employed (171728) during the second quarter of 2012. On the other hand, the were 11977 (3%) unemployed persons, while 173,981 persons (49%) were inactive.

The activity rate for the quarter under review was estimated at 63%. When compared to the previous year, the was an increase of three percentage points in the activity rate for females, while the rate for males decreased by 1 percentage point. The highest activity rate was recorded among the 25-54 year old age group at 77%.

The employment rate for the second quarter of 2012 was estimated at 59%, with the 25-54 age bracket recording the highest rate.

The largest share of employed men (33%) was engaged in wholesale and retail trade, repair of motor vehicles and household goods, hotels and restaurants and transport and communication.

On the other hand, the employed women were mostly engaged in other service activities, which include jobs in the Public administration, Education, the Health Sector, and Other Community, Social and Personal Service activities.

The largest share of employed persons was engaged in service-oriented jobs. This category includes occupations such as hairdressers, waiters and salespersons. Service-oriented occupations prevailed among female workers, reaching 22% while, at 16%, men were mostly engaged in craft-related jobs.

In terms of professional status, self-employed accounted for 14% of the total workforce. The majority of employed persons, 148,438 or 86%, were working on a full-time basis.

On the other hand, 23,290 were engaged in part-time jobs or were working on full-time with reduced hours.

During the period under review, the average gross annual salary of employees was estimated at €15,480. This amount refers to the basic salary and excludes extra payments such as overtime, bonuses and allowances.

The highest average gross annual salary of employees was recorded in financial, real estate, renting and business activities.

The unemployment rate for the period under review was estimated at 6.5%, and ranged from 6.5% among males to 6.6% among females. Nearly half of these persons stated that they had been seeking work for 12 months or more.

The largest share of unemployed persons was recorded among persons aged 15-24.

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