Unemployment Rate Down Further


Jamaica’s unemployment rate dipped further, with more people being employed, according to the latest data from STATIN.

 

In July 2018, the unemployment rate was 8.4 per cent. This was mainly due to an increase in the number of persons employed and a simultaneous reduction in the number of persons in the labour force.

 

STATIN also reported that the youth unemployment rate was 22.2 per cent, influenced by a decline in the number of youth (14- 24 years) in the labour force.

The Labour Force in July 2018, was 1,338,200 persons, a decrease of 2.2 per cent compared to July 2017.

 

According to the latest available data, to July, the number of persons employed was 1,226,400, representing an increase of 12,800 persons above the number recorded in July 2017.

The number of males employed increased by 5,900 to 681,800 while female employment increased by 6,900 to 544,600.

 

By: Franklin McKnight

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