Highest job vacancy rate ever observed

Employers in Malta have been unable to fill workplaces accounting for 2.8% of all their employment needs.

Data released by Eurostat shows that, last year, Malta had the highest job vacancies rate ever observed since the collection of these data began in 2017.

Employers in Malta have been unable to fill workplaces accounting for 2.8% of all their employment needs. At the end of last year, there were 7,656 empty posts in the country. At the end of 2022, unfilled workplaces were only 6,407, or 17% lower.

 Job vacancy rateNumber of job vacancies  
20172.1%3,643
20182.6%6,781
20192.5%5,444
20201.6%4,226
20212.2%5,635
20222.6%6,407
20232.8%7,656

While in Malta the rate of job vacancies increased to 2.8% from 2.6% the previous year, across the EU the rate was 2.7%, down from 2.9% in 2022.

Looking at the sectors most looking for workers, one finds professional services, where there were 1,700 job vacancies at the end of last year, followed by the retail sector with 1,038 empty positions, and hotels and restaurants needing 990 more workers. Then there were 663 job vacancies in manufacturing, 617 in information and communication, and 597 in remote gaming. Among other sectors with more demand for workers, one finds construction, where 463 more workers are needed, 396 unfilled jobs in financial services, and 315 in the health sector. 

It is worth noting that, at the end of last year, there were only 955 people registering for work. This means that there were 8 job vacancies open for every person registering for a job. Moreover, during 2023, employment in Malta grew by 6.5%, while in the rest of the EU there was an increase of 1.2%. Malta’s was the biggest increase in employment across the EU.

Photo: Ron Lach

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