The labour market in February 2021

Summary

The total unemployment rate decreased from 12,8% in January to 12,5% in February.   The number of unemployed thus decreased by 259 between January 2021 and February 2021. The general unemployment decreased from 11,6% in January to 11,4% in February and the reduced unemployment rate reduced from 1,2% in January to 1,1% in February.

There were in average 20.397 unemployed in February, (11,4% general unemployment) in addition to 4.331 part-time unemployed (1,1% part-time unemployment) in February 2021.

Unemployment by gender:

The total unemployment by men (general unemployment plus reduced unemployment rate) in February was 12,6% for men and 12,3% for women, or down from 13,0% for men in January and 12,7% for women in January 2021.

The unemployment by young people:

There were 2.355 young, aged 18-24 years unemployed in February 2021 (general unemployment excluding part-time employment) or down from 2.449 in January 2021.

The long term unemployed:

There were 4.719 long term unemployed (over 1 year) in February 2021 (excluding part-time employment) up from 4.508 in January 2021.

Open vacancies:

There were 343 new incoming open vacancies in February 2021 or up from 314 new incoming open vacancies in January 2021.

Foreign workers:

There 211 work permits (all types of work permit) issued in February 2021 up from 130 issued work permits in January 2021.  There were 17 foreign service companies registered to Directorate of Labour in February 2021.  These foreign service companies employed 82 workers in February 2021.

There were 11 temporary-work agencies registered to Directorate of Labour in February 2021.

These temporary-work agencies hired out 184 workers in February 2021.

The unemployment forecast for
March 2021:

It is expected that the unemployment in March 2021 will reduce and be between 10,9% and 11,3%.

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