Unemployment in Jamaica has fallen to its lowest level in ten years.
That’s the word from the Statistical Institute of Jamaica, STATIN. STATIN also says youth unemployment is also at a 10-year low.
However, the institute says male employment is falling while that of females is increasing. STATIN says as of October 2017 the unemployment rate was 10.4 percent. That’s the lowest figure since October 2008; almost ten years ago.
The youth unemployment rate, while still more than double the national average, was also the lowest since January 2008. Youth unemployment was at 25-percent.
STATIN says in October 2017, of the persons who gained employment most were employed in the private sector. It also found that the Labour Force at October 2017, decreased by 6,500 or 0.5-percent compared to the same period in 2016. However, the number of males in the labour force is decreasing. STATIN says the male labour force decreased by 7,100 or one percent in October 2017.
On the other side of the gender divide, the female labour force increased by 600 in October 2017.
The employed labour force also shows a higher percentage of women finding work. 22,000 of them did. An increase of 4.3-percent. That’s compared to 5,300 men an increase of less than 1-percent.
In terms of occupation groups, more persons were employed as clerks over the period with 7,900 more persons, this is followed by the groups Skilled Agricultural Workers at 6,200 and Elementary Occupations by 5,200 over the same period.
For males Elementary Occupations’ accounted for the largest increase in employment at 5,100. For women, the largest gain of 8,800 were in the group Professionals, Senior Officials and Technicians.
Meanwhile, STATIN says among youth, the unemployment rate for males declined by 5.8-percentage points to just under 20-percent while females unemployment rate declined by 8.3-percentage points to just over 30-percent.