Wednesday, Jan 29, 2020
HomeHomeUnemployment rate increases

Unemployment rate increases

The national unemployment rate rose from 10 percent in May 2018 to 10.7 percent in November 2018, the Department of Statistics revealed today.

The results show that unemployment stood at 11 percent on New Providence, 11.9 percent on Grand Bahama and 7.7 percent on Abaco.

The results of the labor force survey provide information on the labor force during the period of November 2018.

The results also show that, at the time of the survey, women were more likely to be unemployed than men.

“Overall, the unemployment rate for women reached 11.3 percent in November compared to 10 percent for men,” Department of Statistics Senior Statistician Cypreanna Winters said.

“Young women, those aged 15 to 24 and core-aged women, those aged 25 to 54, were more likely to be unemployed than their male counterparts. By contrast, men aged 55 years and over were slightly more likely to be unemployed when compared with women in their same age cohort.”

Discouraged workers in the country declined in November by 6.7 percent. There were 2.030 discouraged workers in November.

This group accounts for people who have not looked for work because they believed no jobs were available. As such they are not calculated as part of the unemployed.

Travis Cartwright-Carroll

Assistant Editor at The Nassau Guardian
Travis Cartwright-Carroll is the assistant editor. He covers a wide range of national issues. He joined The Nassau Guardian in 2011 as a copy editor before shifting to reporting. He was promoted to assistant news editor in December 2018.
Education: College of The Bahamas, English

Latest posts by Travis Cartwright-Carroll (see all)

Charles Hezekiah Smi