Monday, January 22, 2018

Unemployment rate 4%, says CSO*


The Central Statistical Office has reported a decrease in Trinidad and Tobago’s unemployment rate—from 4.4 per cent in the second quarter of 2016 to four per cent in the third quarter.
However, compared to the third quarter of 2015, there was an overall increase in the unemployment rate.  The rate for 2015 stood at 3.4 per cent.
In its latest labour force bulletin, the CSO indicated that the largest number of jobs lost were seen the public sector, with employment in “Government public service/statutory board” falling by 9,400 or 6.5 per cent.
It noted, though, that this decrease was offset by an increase in the number of self-employed persons (by 9,100 or 8.5 per cent).
CSO said the decrease in the third quarter rate was not uncommon for the period and was mainly due to seasonality changes.
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