Employment rebounds to pre-pandemic mark
Jamaica’s unemployment rate has returned to pre-pandemic levels, marking robust recovery after COVID-19 decimated the job market, leaving more than a hundred thousand jobless at the heights of the outbreak.
Findings from the Statistical Institue of Jamaica’s (STATIN) October 2021 Labour Force Survey showed that Jamaica’s unemployment rate (UER) was 7.1 per cent, a decline of 3.7 percentage points relative to October 2020.
But when compared with the similar period of 2019, prior to the outbreak of COVID-19, the report showed that the current unemployment rate is on par with an UER of 7.2 per cent.
“The number of persons employed in Jamaica in October 2021 is 16,700 fewer than in October 2019,” STATIN Director General Carol Coy said during the quarterly press briefing on Monday.
The reduction in unemployment comes amid economic growth of 5.8 per cent recorded for the third quarter July to September 2021.
Jamaica’s jobless figures had climbed as high as 12.6 per cent, or 135,800 positions cut in July 2020, with the tourism sector worst affected.
The country’s employment figures have since rebounded to 1,234,800 working Jamaicans out of a labour force of 1,329,100 persons, with more females securing jobs, up 8.5 per cent to 568,600 for October 2021, compared to employed males, which grew 5.1 per cent to 676,200.
“The number of persons unemployed and the unemployment rate are comparable to what was reported for October 2019. The number of unemployed persons in October 2019 was 96,500 and the unemployment rate 7.2 per cent. Additionally, the number of unemployed youth and the youth unemployment rate are lower than the pre-pandemic levels,” Coy said.
Real-estate Job boom
Overall, there was an increase of 6.6 per cent, or 76,600 employed persons, when compared to October 2020.
The ‘real estate and other business services’ industry recorded the largest increase in employment of 23.1 per cent, moving to 130,500. It was followed by the arts, entertainment, recreation and other services sector, which rose by 15.3 per cent to 111,500 persons and the construction industry, which grew by 13.2 per cent to 113,900 persons.
Coy said that the three industries accounted for 68.7 per cent of the increase in employment.
When measured against the October 2019 job performance, real estate, construction, and agriculture, forestry and fishing were the only industries to have surpassed their pre-COVID-19 employment levels.
She added that there were 35,400 more persons working in real estate, 9,300 more in construction, and an additional 4,800 in agriculture, forestry and fishing relative to October 2019.
Employment in arts, entertainment, and recreation and accommodation and food service activities industries were, however, lower than the pre-COVID levels, by 15.8 per cent and 10.6 per cent, respectively.
Broken down by occupation, the professionals, senior officials and technicians group accounted for the largest increase in employment of 25,800 persons for the quarter ending October 2019, with females accounting for majority of the increase.
Employment also increased in the groups ‘elementary occupations’ by 14,500, and ‘service workers and shop and market sales workers’ by 14,400 persons. Females accounted for all the increase in the group ‘service workers and shop and market sales workers’.