Jamaica’s unemployment fee has proven a slight improve with the newest Labor Pressure Survey revealing that initially of the 12 months, 80,700 folks have been unemployed.
The Statistical Institute of Jamaica (STATIN) launched the brand new findings on Wednesday.
Deputy Director Basic of STATIN Leesha Delatie-Budair says the unemployment fee stood at 5.4 per cent after closing 2023 at 4.2 per cent
“The unemployment fee for males was 4 per cent and for females 7.1 per cent. When examined by age group, the unemployment fee was highest for youth at 16.0 per cent and lowest for individuals 55 years or older at 1.7 per cent. For these of prime working age, the unemployment fee was 4.4 per cent.”
She defined that households with kids 18 years and beneath has the next unemployment fee in comparison with these with out.
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“So in the event you lived in a family with a toddler, we noticed the place the unemployment fee for these individuals was larger, and it was 6.6 per cent. This fee was larger additionally for households with minor kids, that’s kids six years or youthful. And the unemployment fee amongst individuals dwelling in households with kids six years and youthful was 7.1 per cent,” she outlined.
Alternatively the newest Labor Pressure Survey revealed that almost all of employed Jamaicans work within the Providers and Gross sales trade.
STATIN says in January 2024, some 1.4 million folks have been within the labor drive, representing roughly two thirds of individuals 15 years or older.
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Deputy Director Basic of STATIN Leesha Delatie-Budair stated roughly 970,000 folks labored in providers.
“Of this quantity, 659,000 labored in market providers, which incorporates commerce, transportation, lodging and meals, and enterprise and administrative providers. An extra 310,200 have been employed in non-market providers, which incorporates public administration, neighborhood, social and different providers and actions.”
There have been 240,400 folks working in manufacturing, building, mining and quarrying, electrical energy, gasoline and water provide. An estimated 195,300 folks labored in agriculture, nearly all of whom have been male – 145,600 of them.
Miss Delatie-Budair defined that the occupation group with the best variety of workers was ‘Providers and Gross sales Staff’, using 328,600 folks.
“This constituted 23.4 per cent of the whole employed inhabitants. This group additionally employed essentially the most females, with a depend of 213,300. The second largest occupation group was elementary occupations, using 197,900 people, adopted by expert agriculture, forestry and fisheries employees, which employed 188,200 individuals. For males, the occupation with the best employment was craft and associated trades employees at 153, 200,” Miss Delatie-Budair disclosed.
STATIN stated among the many modifications integrated within the newly revised Labor Pressure Survey is an adjustment to the reference week, minimal age restrict replace and a rigorous definition of unemployment.
The reference week for the Labor Pressure Survey has been shifted from the final full week of the earlier quarter to the primary full week of the quarter beneath evaluate.
Even when an individual works one hour inside the reference week she or he is taken into account employed.
The minimal age for inclusion within the survey has been raised to fifteen from 14 years; in line with the Worldwide Labor Group.
