News
Unemployment has risen rapidly in the past months
In February 2008, registered employment was 1% or 1631 persons. Unemployment has risen rapidly in recent months, measuring 1.9% in October, 3.3% in November, 4.8% in December, 6.6% in January, and now 8% in February. Further contraction is expected in many sectors, according the Directorate of Labour, in particular in retail commerce, construction and services, in the coming months. Despite the difficulty of forecasting developments accurately, predictions for March unemployment range from 9.1 to 9.6%.