The unemployment rate in Malta went down to 3.8 percent in the second quarter of 2018 compared to a downwardly revised 3.9 percent in the same period of the previous year. However, the number of unemployed persons rose by 272 to 9,159 and employed increased by 13,002 to 231,152. Also, 75.4 percent of unemployed people stated that they had been seeking work for less than 12 months. By genders, the jobless rate decreased for women (3.6 percent from 4 percent in Q2 2017) while it rose for men (4 percent from 3.9 percent). Meanwhile, the activity rate went up to 73.5 percent from 71.7 percent, with the highest rate being recorded among people aged 25-54 (85.4 percent). Thus, the employment rate went up to 70.6 percent from 68.9 percent. Unemployment Rate in Malta averaged 6.31 percent from 2001 until 2018, reaching an all time high of 8.24 percent in the third quarter of 2003 and a record low of 3.70 percent in the fourth quarter of 2017.
Unemployment Rate in Malta is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Malta to stand at 4.30 in 12 months time. In the long-term, the Malta Unemployment Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.