Prime Minister the Most Hon. Andrew – Unemployment at Record Low
Prime Minister th Most Hon. Andrew Holness says Jamaica’s unemployment rate has declined to a record low 9.6 per cent, as at the end of January 2018, down from the 10.4 per cent out-turn for the October to December 2017 quarter.
The figures, provided by the Statistical Institute of Jamaica, (STATIN) also show that the unemployment rate of 9.6 per cent in January 2018 was a decrease of 3.1 per cent when compared with 12.7 per cent in January 2017.
The Prime Minister made the announcement during the launch of Workers’ Week and National Labour Day activities for 2018, at the Office of the Prime Minister (OPM) on May 1.
Mr. Holness said of note is the decline in youth unemployment, which fell to 23.8 per cent as at the end of January 2018, down from 31.7 per cent for the corresponding period last year.
He further pointed out that the unemployment rate among male youth fell by 4.7 percentage points to 20.4 per cent, while citing the 4.9 per cent decline in the female rate from 17 per cent in January 2017 to 12.1 per cent as at January 2018.
Meanwhile, Mr. Holness also reported significant investments and development interest in business process outsourcing, tourism and hospitality, services, mining, construction and civil development.