Unemployment rate remained at 7.4 percent in August

08-09-2014

The national unemployment rate remained at 7.4 percent in August, the same figured registered in the third consecutive month, according to figures released by the country’s Labour Office on Monday. More than 535,000 jobs seekers were registered in that month. The jobless rate stagnated despite the fact that there were nearly 55,000 vacancies in August, some 14,000 more than in the same month previous year. The Labour Office expects that unemployment levels will stagnate or rise slightly in the coming months due to the arrivals of graduates to the labour market and the end of seasonal labour.