Unemployment Rate Drops To Historic 7.2% Rate

5367

The Statistical Institute of Jamaica, STATIN says more Jamaicans are part of the employed labour force as unemployment continues to decline. 

According to the Statistical Institute, just over 1.2 million persons were part of the employed labour force, based on findings from it’s October 2019 Labour Force Survey.

That’s an increase of 2.4 per cent when compared to October 2018. 

The Director General of STATIN, Ms. Carol Coy says the latest data show that unemployment is dwindling.

Persons are considered employed if they’re engaged in economic activities for at least one hour during the reference week. 

The reference week for the survey was September 22 to 28, 2019. 

Meanwhile, despite an increase of males in the employed labour force over the period more females joined the employed labour force.

She says the unemployment rate for October 2019 was 7.2 per cent. 

That’s 1.5 percentage points lower than the 8 point 7 unemployment rate per cent recorded for October 2018. 

STATIN’s October 2019 Labour Force Survey also says youth unemployment declined for both males and females.

She says in October 2019, approximately 742 thousand persons were classified as being outside the Labour Force. 

This represents a decrease of almost 11-thousand or 1-point-4 per cent when compared to October 2018. 




Leave a Reply

Your email address will not be published. Required fields are marked *