Unemployment Rate Remains Unchanged In Q3

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Chevon Campbell has more.

Jamaica’s unemployment rate remains unchanged as of the second quarter of 2019 compared to the previous quarter.

That’s according to the latest figures released by the Statistical Institute of Jamaica, STATIN.

In addition, STATIN says Jamaica’s inflation rate also remains low.

The Director General of the Statistical Institute of Jamaica, STATIN, Carol Coy, says Jamaica’s unemployment rate is at 7.8% as of July 2019.

That represents the same figure recorded for the previous quarter.

However, that still remains the lowest unemployment rate in Jamaica’s history and a point-6 percentage point improvement over the corresponding period for 2018.

According to STATIN, the labour force comprised just over 1.3 million persons.

STATIN says the employed labour force was approximately 1 million 250 thousand people, an increase of  two point 6 per cent when compared to July 2018.

According to STATIN’s figures, both exports and imports also increased during the period.

It says from January to June 2019, Jamaica exported 2.5 per cent more goods with a total value of approximately $US900 million.

The country also imported a total of just under $US3.3 billion.

That’s a 13.3% increase.

STATIN also says Jamaica’s inflation rate as of September 2019 stands at 0.4%, with point to point inflation standing at 3.4%.




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