THE Caribbean Development Bank (CDB) says in a new report that Trinidad and Tobago’s unemployment rate stands at 5.0 per cent.
The CDB, citing “National Statistics Offices” yesterday, said in its Annual Report 2018 that T&T was shown to have the third-lowest unemployment rate out of 12 CDB member countries.
The CDB includes British overseas territories Turks and Caicos Islands (TCI), the Cayman Islands, and the British Virgin Islands (BVI).
Only the Cayman Islands and the BVI had lower unemployment rates, 3.4 and 2.8, respectively. Trailing T&T was TCI with 6.0 per cent.
The last official unemployment figure from the Central Statistical Office and the Central Bank was 4.8 per cent at the end of 2017, up from 3.9 per cent in 2016.