Unemployment on downward trend, fourth lowest in EU
Posted on October 25th, 2013
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The Finance Ministry underlined that Malta’s unemployment rate is on a downward trend and remains fourth-lowest in the European Union.
The Ministry noted a press release published by Eurostat on 1st October 2013 which announced that Malta’s unemployment rate stood at 6.4% in August 2013. This places us alongside countries like Austria (4.9%), Germany (5.2%) and Luxembourg (5.8%).
Furthermore, Malta remains firmly below the unemployment averages for the Eurozone (12%) and the European Union (10.9%).
He noted that Malta’s unemployment rate is on a downward trend, dropping from 6.6% in May 2013 to 6.4% in August.
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