Unemployment Rate Decreasing

by Rose Bhagwan

The Labour Force Survey 2014 to 2015 reveals a 3% increase in the total working population and a 3% decrease in the unemployment rate.

According to Hon. Nickolas Steele, “The Government of Grenada has been working with the Statistics Department in particular, with the World Bank to readjust the figures on the Labour Force survey to fall in line with the strict International Labour Organisation definitions of labour force, unemployment, etc.”

Therefore, there would have been an adjustment in the figures. As it stands, the 2013 employment rate was 67.8%, 70.3% in 2014, and 71% in 2015. The unemployment rate for 2013 was 32.2%, 29.3% in 2014, and 29% in 2015. Added to that, Hon. Emmalin Pierre added, that there was a reduction in unemployment of 11% among young people, which she attributed to the IMANI program.

Minister Steele also said that there seemed to have been a significant increase in Tourism and Construction, followed by Agriculture. However, development was noted across the board.

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