The unemployment rate for July 2022 stood at 2.9 per cent, at par with the previous month and decreased by 0.4 percentage points when compared with July 2021.
During July 2022, the number of unemployed persons was 8,325, with the 25 to 74 age group being the major contributor to the overall level of unemployment. The seasonally adjusted number of unemployed youths amounted to 2,680, whereas those aged between 25 and 74 years stood at 5,645.
For July 2022, the unemployment rate for males was 3.1 per cent, unchanged when compared with the previous month. The rate for females stood at 2.6 per cent, down by 0.1 percentage points when compared to June 2022 .
The unemployment rate for persons aged 15 to 24 years (youth unemployment rate) was 9.8 per cent, while the rate for those aged between 25 and 74 years dropped to 2.2 per cent.