Wednesday, September 26, 2007

Rise in number of full-time gainfully employed


Revised labour market data indicate that in 2006, the full-time gainfully occupied population increased by 1,017 persons while unemployment decreased by 249 persons when compared to 2002, the National Statistics Office reported yesterday, basing statistics on data provided by the Employment and Training Corporation (ETC). The time series presented extends over a period of five years, that is from the year 2002 to 2006.

The figures for the years 2002, 2003 and 2004 have been arrived at by working out the quarterly average for each year, while those for 2005 and 2006 were worked out on the basis of the monthly average for each respective year.

In this commentary, the average data for 2006 is being compared with the average data for 2002. In 2006, the labour supply increased by 768 persons over the year 2002.

The full-time gainfully occupied population increased by 1,017 persons, whereas the number of registered unemployed decreased by 249 persons.

Full-time employmentA comparison between the average data for 2006 and 2002 indicates that the principal economic activities which have seen an increase in employment were business activities, education, wholesale trade and retail trade. Sectors registering drops in employment included manufacturing, construction, and transport, storage and communication.

With specific reference to the private sector, an increase in employment took place in real estate, renting and business activities. This sector includes accounting and auditing activities, business and management consultancy, architectural and engineering activities, advertising, security activities, industrial cleaning and call centres. Wholesale, retail trade and repairs and education recorded an increase in employment as well. In addition, growth in employment also occurred in community, social and personal services activities. This includes betting companies and entertainment activities among other services.

Part-time employment
The average data for 2002 and 2006 indicate that total part-time employment rose by 11,044 persons in the four-year period. This increase included 4,397 persons whose part-time job is their secondary occupation and 6,647 persons whose part-time job is their primary occupation. The major economic activities which reported the major increase in part-timers were retail trade, real estate, renting and business activities and hotels and restaurants.

Apprentices, trainees and students
Upon comparing the figures for 2006 and 2002, it transpires that the number of apprentices, students and trainees dropped by 51.7 per cent.April 2007In April 2007, the full-time gainfully occupied population amounted to 139,526, while the number of registered unemployed persons stood at 6,748. Accordingly, the labour supply amounted to 146,274.

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