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The latest labour market statistics published by the Ministry for Labour and Immigration reveal that the month-on-month increase in unemployment in December 2009 was 61% lower than in the same period of 2008.
Month-on-month unemployment rose by 1.4% or 54,657 people to 3,923,603 people. In 2008 the increase was 139,694 people. The year-on-year increase in unemployment was 25.4% or 794,640 people.
Month-on-month unemployment among the under 25 year olds fell in December 2009 by -3.8% or -17,570 people. Month-on-month unemployment among the over 25 year olds rose by 2.1% or 72,227 people.
General Secretary for Employment, Maravillas Rojo, said "unemployment has been rising in 2009 but much less than in the previous year. This shows that job destruction is slowing down."
Rojo went on to say that "the reduction in unemployment will continue to be the government's prime objective throughout the year 2010."