/STATIN reports continued decline in unemployment

STATIN reports continued decline in unemployment

THE Statistical Institute of Jamaica (STATIN) in its latest labour force survey findings has indicated that the country’s unemployment rate continues to trend downwards while female employment increases.

The country’s chief data processing entity, while presenting its review at a media briefing held at the Knutsford Court Hotel on Friday, noted that for October 2019 the country’s unemployment rate stood at 7.2 per cent, representing a reduction of 1.5 percentage points when compared to the similar period in 2018, which saw a rate of 8.7 per cent.

Carol Coy, director general of STATIN, while addressing the briefing, said that the labour force comprising 1,345,100 people saw a total of 1,248,400 people employed, reflecting an increase of 2.4 per cent when compared to the 2018 period. The remaining 96,700 people represented those unemployed and reflected a decline of 16.4 per cent.

http://www.jamaicaobserver.com/sunday-finance/statin-reports-continued-decline-in-unemployment-entity-also-notes-larger-increase-in-female-employment_184955?profile=1442

By |2020-01-22T11:14:15+00:00January 22nd, 2020|news|0 Comments

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