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STATISTICS

UNEMPLOYMENT RATE: NOVEMBER 2020

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INDEXGDPL2020-13The seasonally adjusted monthly unemployment rate for November 2020 reached 4.8 per cent, up by 0.1 percentage points when compared to the previous month.

Main points • In November 2020, the monthly unemployment rate was 4.8 per cent (Chart 1, Table 1). • For the month under review, the unemployment rate for males was 4.8 per cent while the rate for females stood at 4.7 per cent (Table 1). • The unemployment rate during November 2020 for persons aged 15 to 24 years (youth unemployment rate) was 11.4 per cent while the rate for those between 25 and 74 years stood at 4.0 per cent (Table 1).

Components leading to the seasonally adjusted monthly unemployment rate The unemployment rate for November 2020 stood at 4.8 per cent, up by 0.1 percentage point when compared with the previous month and 1.2 percentage points more than November 2019 (Table 1). During November 2020, the number of unemployed persons was 13,081 with the unemployed males and the 25 to 74 age group being the major contributors to the overall level of unemployment. The seasonally adjusted number of unemployed youths amounted to 3,365, whereas those aged between 25 and 74 stood at 9,716 (Table 2). In November 2020, the unemployment rate for males was 4.8 per cent, at par with the previous month. The rate for females stood at 4.7 per cent, 0.1 percentage points more than October 2020 estimates (Table 1). The unemployment rate for persons aged 15 to 24 years (youth unemployment rate) was 11.4 per cent, while the rate for those between 25 and 74 years stood at 4.0 per cent (Table 1, Chart 2).

 

 

 

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