Record low unemployment this year

Director General, Statistical Institute of Jamaica (STATIN), Carol Coy, has announced that in January 2019, Jamaica achieved a new record-low unemployment rate of eight per cent.

“After record-low unemployment rates of 8.4 per cent in July and 8.7 per cent in October 2018, the unemployment in January 2019 declined to a new low of eight per cent. This was a reduction of 1.6 percentage points relative to 9.6 per cent in January 2018,” Coy said.

She was addressing STATIN’s press conference for the release of the March 2019 Consumer Price Index and January 2019 Labour Force Survey, at their offices on Cecelio Avenue in St Andrew today.

“When disaggregated by sex, the male unemployment rate declined from 7.4 per cent to 6.1 per cent, while female unemployment rate fell from 12.2 per cent to 10.3 per cent. Among the youth, the unemployment rate was 21.8 per cent. For male youth, the unemployment rate was 17.9 per cent and for female youth, it was 26.5 per cent. These showed declines when compared to January 2018,” Coy said.

She noted that the employed labour force for January 2019 was 1,232,700, which was 28,600 (2.4 per cent) more than in January 2018; the increase in employment for females was more than twice that of males and the number of employed males increased by 9,500 to 673,500 and employed females by 19,100 to 559,200.