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Jamaica’s unemployment rate plummets to 6%: CARICOM BUSINESS

The unemployment rate for April 2022 decreased to 6.0%, 3.0 percentage points lower than in the same quarter of 2021.

The male unemployment rate fell to 4.7% from 7.5%, while the unemployment rate for females declined to 7.6% from 10.8%. The unemployment rate for youth aged 14-24 was 15.5% in April 2022, which represents an 8.6 percentage point decline when compared to April 2021.

The unemployment rate for male youth declined by 6.0 percentage points to 15.1% while the decrease for females (12.0 percentage points) was twice that of males moving from 28.0% to 15.9%. There were 1,269,300 employed persons in April 2022.

This was an increase of 5.2% compared to April 2021. These persons were engaged in economic activities for at least one hour during the reference week March 20 – 26, 2022. Females accounted for just over one-half of the increase in the number of persons employed (33,600 persons or 53.1%). Female employment grew by 6.2%, while male employment increased by 4.5%. (STATIN)

Extract from CARICOM BUSINESS Newsletter Vol 5 No 29

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Caricom Business July 16 2022- vol-5-no-29

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