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Oct 8, 2023 · In the aftermath of the COVID-19 pandemic, Jamaica has witnessed a record decline in its unemployment rate from 9.7 per cent in 2013 to 4.5 per cent in 2023, the lowest in the country’s history.
Apr 15, 2024 · Growth was driven by net exports from a record expansion in tourism and mining, while agriculture declined due to an extended drought. Rising economic activity brought the unemployment rate to a record-low 4.2 percent in October 2023. Poverty ($6.85 per day) declined from 13.9 in 2021 to an estimated 12.3 percent in 2023.
Oct 10, 2023 · Over the past decade, official statistics show that the average overall unemployment rate has been in double digits (11% from April 2013 to April 2021), which for youth has been much higher at...
Nov 11, 2023 · Unemployment rate fell. Keeping track of the labour force is the job of The Statistical Institute of Jamaica (STATIN), and it reported that the country’s unemployment rate fell to a record low 4.5 per cent in April this year.
Jamaica’s economy is rebounding, reduc-ing poverty and pushing unemployment to historic lows. However, both GDP and poverty remain below pre-pandemic lev-els. The country faces high public debt, inflationary pressures, low labor produc-tivity, and a weak enabling environment for greater private sector participation.
Oct 9, 2023 · An interesting development in Jamaica's labour market has been the convergence in unemployment rates between men and young women. This has been so significant that in July 2022, the...
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Nov 19, 2023 · In April, Jamaica hit a record low unemployment rate of 4.5 per cent, underlining a shift from a decades-long economic problem of surplus labour capacity. The current rate of less than five per cent, defined by most economists as “full employment...
