Unemployment dropped to 11.3 per cent in 2015

Barbados recorded a one per cent drop in unemployment last year when compared to 2014, according the the latest statistics derived from the Continuous Household Labour Force Survey.

The survey results, issued in a press release yesterday by the Barbados Government Information Service (BGIS), indicated that the rate of unemployment stood at 11.3 per cent last year, compared with 12.3 per cent at the end of 2014.

It showed that the number of men looking for work was three per cent higher than the number of women, with unemployment among males standing at 12.3 per cent and 10.3 per cent among females.

According to the survey, 128,200 were employed, including 63,900 men and 64,300 were females, while the number of unemployed persons stood at 16,400, made up of 9,000 males and 7,400 females.

However, 77,500 Barbadians had stopped looking for work and were not counted among the unemployed.

The wholesale and retail trade sector was the largest generator of jobs in 2015, employing 20,200 persons, while the accommodation and food services sector employed 15,800 persons.

Source: (BGIS)

One Response to Unemployment dropped to 11.3 per cent in 2015

  1. Leroy May 19, 2016 at 6:43 am

    Why does governments all over continue to use these metrics to make unemployment numbers look attractive? The 77,500 who has stopped looking for work in there estimation should be addes to count, the true unemployment figure is 42%

    Reply

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