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Unemployment rate up by 7.5 per cent

Published:Thursday | April 30, 2015 | 7:37 PM

The Statistical Institute of Jamaica (STATIN) is reporting a 7.5 per cent increase in the number of unemployed persons in January 2015 compared to January 2014.

It says in January, the number of unemployed persons was 188,100 - an increase of 13,000 when compared with 175,000 last year January.

The unemployment rate for January 2015 was 14.2 per cent compared to 13.4 per cent in January 2014.

In particular, the unemployment rate among youths aged 14 to 24 years was 34.5 per cent for January 2015.

This was an increase of 1.2 percentage points when compared with 33.3 per cent in January 2014.

There was also a slight dip in the employment rate for January 2015 when compared to January 2014.

STATIN says the rate stood at 85.8 per cent in January 2015, which was a zero point 8 percentage point decline from the 86.6 per cent in January the previous year.

The figures provided are from STATIN’s January 2015 Labour Force Survey, conducted December 14 to 20, 2014.