The unemployment rate in Malta dropped to 3.5 percent in the second quarter of 2021 from an upwardly revised 4.6 percent in the corresponding period of the previous year. The number of unemployed fell by 2,745 to 9,676 and the number of employed increased by 8,317 to 266,553. Also, the activity rate edged up to 77.2 percent from 76.2 percent and the employment rate increased to 74.4 percent from 72.7 percent. source: National Statistics Office, Malta
Unemployment Rate in Malta averaged 5.94 percent from 2001 until 2021, reaching an all time high of 8.24 percent in the third quarter of 2003 and a record low of 3.50 percent in the fourth quarter of 2019. This page provides the latest reported value for - Malta Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malta Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Unemployment Rate in Malta is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malta Unemployment Rate is projected to trend around 3.70 percent in 2022 and 3.50 percent in 2023, according to our econometric models.