The unemployment rate in Malta edged up to 3.9 percent in the first quarter of 2021 from an upwardly revised 3.6 percent in the corresponding period of the previous year. The number of unemployed rose by 525 to 10,516, while the number of employed fell by 2,849 to 263,400. Meantime, the activity rate edged down to 77.2 percent from 77.6 percent in Q1 2020 and the employment rate dropped slowly to 60.0 percent from 60.6 percent. source: National Statistics Office, Malta
Unemployment Rate in Malta averaged 5.96 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 3.30 percent in the first quarter of 2020. 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 July of 2021.
Unemployment Rate in Malta is expected to be 4.20 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 5.10 in 12 months time. In the long-term, the Malta Unemployment Rate is projected to trend around 4.50 percent in 2022 and 4.00 percent in 2023, according to our econometric models.