Unemployment rises in T&T
PORT OF SPAIN — The unemployment rate in Trinidad and Tobago rose to 5.4 per cent in the first quarter of 2012, up from 4.2 per cent when compared to the last three months (fourth quarter) of 2011.
This is according to the Central Statistical Office in a statement released on Monday.
The report stated that the total number of persons unemployed during January to March 2012 was 33,800, which represents an increase of 30.5 per cent over the previous quarter when the total number of persons unemployed was 25,900.
Even though the total labour force increased by 0.3 per cent over the period under consideration, the increase in the numbers unemployed resulted in an increase in the unemployment rate in the first quarter of 2012 of 5.4 per cent. In comparison, the unemployment rate for the previous quarter was 4.2 per cent.
An analysis of the labour force indicators by industry reveals that the total numbers unemployed in the construction industry increased from 8,200 at the end of December 2011 to 12,200 for the first three months of 2012 with the associated unemployment rate increasing from 8.0 to 11.8 per cent over this same period.
An increase in unemployment was also found in the community, social and personal services industry from 6,700 (3.4 per cent) to 9,400 (4.6 per cent) for the period.
The report stated that the total labour force for January to March 2012 stood at 623,500 persons, up from 621,900 persons for the period October to December 2011. This represented an increase of 0.3 per cent. (Express)