Employment In Jamaica At All-Time High
More Jamaicans are now employed than at any other time in the country’s history.
According to the JIS: Data from the Statistical Institute of Jamaica (STATIN) show that the number of persons securing employment peaked at a historic 1,204,800 in April 2017, which was 35,800 more than the 1,169,000 persons employed in April 2016.
The out-turn bettered the employment level of 1,187,000 in July 2016, when the country recorded the lowest unemployment figures in five years and the highest employment level for a single month since October 2008, when 1,174,500 persons had jobs.
STATIN data also showed that the unemployment rate fell by a further 1.5 per cent in April 2017 to 12.2 per cent relative to April 2016.
This translated into a reduction in the number of persons who were unemployed from 184,900 in April 2016 to 166,700 in April 2017.
These positive indications for the labour market are a significant improvement over the period October 2008 to July 2011 when more than 90 000 jobs were lost, stemming from the impact of the global economic crisis.
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