The unemployment rate in June was the lowest ever recorded,
according to the Central Bank's Economic Update for August.
The unemployment rate fell marginally to 3% when compared with
May and also stood below last year's rate.
"The rate observed in June 2022 was, in fact, the lowest
ever recorded," the update says.
Jobsplus data, the update said, showed that the number of people
on the unemployment register stood at 954 in June 2022, down from
961 in May and from 1,711 a year earlier – when the labour
market was still impacted by pandemic-related restrictions.
The number of registered unemployed has now stood below
pre-pandemic levels since mid-2021.
The European Commission's confidence survey shows that
economic sentiment in Malta edged down in July when compared with a
month earlier, but stood at its long-term average, which is
estimated since November 2002.
