Nov 2015 Financial News

Unemployment rate drops to 3.2 per cent

Nov 18, 2015

T&T’s unemployment rate stood at 3.2 per cent in the second quarter of the year, down from 3.6 per cent during the first quarter.

Data collected by the Central Statistical Office in a Continuous Sample Survey of Population during April-June 2015 also showed that from a gender perspective, the unemployment rate among males decreased from 2.9 per cent to 2.3 per cent, while for females it increased from 4.4 per cent to 4.5 per cent.

Compared to the similar quarter in 2014, the overall unemployment rate decreased from 3.5 per cent to 3.2 per cent with the male unemployment rate decreasing from 3 per cent to 2.3 per cent and the female unemployment rate increasing from 4.1 per cent to 4.4 per cent.

At the end of the second quarter, T&T’s labour force registered 649,100 persons.

This was an increase of 3,100 or 0.5 per cent when compared to the first quarter.

This increase was reflected among males which rose by 2,400 or 0.6 per cent and females increased by 700 or 0.3 per cent.

The overall labour force participation rate increased to 61 per cent.

Compared with the corresponding quarter in 2014, it decreased from 62 per cent to 61 per cent.

The survey data showed an increase of 5,800 or 0.9 per cent in the number of persons with jobs.

The number of employed males increased by 4,800 or 1.3 per cent while the number of employed females increased by 1,000 or 0.4 per cent.

When compared to the corresponding quarter a year earlier, the data showed a decrease of 7600 or 1.2 per cent in the total number of employed persons in T&T.

Source:
Trinidad Guardian
Wednesday November 18, 2015

http://www.guardian.co.tt/business/2015-11-18/unemployment-rate-drops-32-cent