Unemployment Rate down as Economy continues strong performance under the labour Party Government

LBC
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KINGSTON, Jamaica — The Statistical Institute of Jamaica (STATIN) is reporting that the July 2017 labour force has increased over the corresponding period in 2016.

This is according to key findings of the July 2017 Labour Force Survey conducted during the period July – September 2017 with the reference week being June 18 -24, 2017.

The report outlined that the number of persons in the labour force in July 2017, was 1,371,200 persons, representing an increase of 8,000 (0.6 per cent) when compared with the 1,363,200 recorded in July 2016.

The male labour force increased by 3,300 (0.5 per cent) to 735,900 in July 2017 and the female labour force increased by 4,700 (0.8 per cent) to 635,300, STATIN said.

Meanwhile it noted that there was a general increase in employment for both males and females. The employed labour force for July 2017 was 1,216,200 — an increase of 29,200 (2.5 per cent) when compared with the 1,187,000, recorded in July 2016. For males, employment increased by 14,200 (2.1 per cent) between July 2016 (663,100) and July 2017 (677,300) and for females it increased by 15,000 (2.9 per cent) persons from 523,900 persons in July 2016 to 538,900 in July 2017.

The unemployment rate for youths in the age group 14 – 24 years also recorded a decline.

For this group, the unemployment rate was 27.5 per cent, which represents a decrease of 2.1 percentage points when compared to the rate of 29.6 per cent in July 2016, STATIN said.

In the same period, the unemployment rate for male youth declined by 3.6 percentage points to 22.5 per cent. The unemployment rate declined marginally (0.3 percentage point) for femalesto33.4 per cent.

Meanwhile, it said the number of persons in the working age population who were outside the labour force decreased for both men and women.

The number of people outside the labour force was 723,600 in July 2017. This represents a decrease of 3,600 (0.5 per cent) when compared to 727,200 in July 2016.

For that period, the number of males outside the labour force was relatively unchanged, while there was a slight decrease of 2,200 (0.5 per cent), for females.

STAFF REPORTER

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