Unemployment rate up
The Government’s Economic Affairs Division is reporting that unemployment in Barbados stood at 12.3 per cent last year, up from 11.6 per cent in 2014.
The figure was calculated using data gathered from the Continuous Household Labour Force Survey done by the Statistical Department.
According to a joint Economic Affairs Division/Government Information Service release, the total number of unemployed persons stood at 17,500, comprising 8,500 males and 9,000 females. The jobless rate for women was 12.8 per cent and 11.8 per cent for men.
On the other hand, the number of persons in employment totalled 124,800. Of this number, 63,500 were males and 61,300 were females.
The country’s labour force comprised 142,300 persons.
The joint news release said the number of persons not actively looking for work, hence excluded from the labour force, was 80,400.
The labour force participation rate stood at 63.9 per cent, with participation at 67.7 per cent among males and 60.4 per cent among females.
In 2014, the Wholesale and Retail Trade Sector generated jobs for the largest number of persons – 21,200 persons, while the Accommodation and Food Services Sector followed with 15,400 employees.
The Construction, Mining and Quarrying Sector generated employment for 12,000 persons and the Manufacturing Sector, 9,500 persons.
Employment in the Public Administration and Defence Sector reached 8,700 persons, while the Administrative and Support Service Sector and the Education Sector each generated employment for 7,200 persons.
The Other Groups Sector, which includes the Information and Communications, Activities of Extraterritorial Organizations & Bodies, Real Estate & Arts, Entertainment and Recreation industries, employed 7,000 persons, while 6,600 worked in the Human Health and Social Work Sector.
The Transportation and Storage Sector and the Finance and Insurance Sector each generated employment for 5,700 persons. Employment in the Activities of Households as Employers Sector stood at 5,000 persons. The employment generated in the Professional, Scientific and Technical Services Sector was 4,200 persons.
During the review period, employment recorded in the Other Services Sector stood at 3,500 persons, while employment levels in the Agriculture, Forestry and Fishing Sector stood at 3,400 persons. The Electric, Gas, Steam, Water and Air Conditioning Supply Sector generated jobs for 2,400 persons.