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Jamaica, which had seen its poverty rate drop almost 20 percent over two decades, saw it increase by eight percent in a few years. The unemployment rate in Jamaica is approximately 6.0% (April 2022, Statistical Institute of Jamaica), with youth unemployment more than twice the national rate, albeit trending downwards (15%).
[2] [3] Unemployment rates are often seasonally adjusted to avoid variations that depend on time of year. [2] [3] Employment rate as a percentage of total population in working age is sometimes used instead of unemployment rate. For purposes of comparison, harmonized values are published by International Labour Organization (ILO) and by OECD.
Demographics of Jamaica. Pop. Jamaica is an island country in the Caribbean. The country had a population of 2,825,352 in 2023, the fourth largest in the region. Jamaica's annual population growth rate stood at 0.08% in 2022. As of 2023, 68.9% of Jamaicans were Christians in 2011, predominantly Protestant. A more precise study conducted by the ...
Misery index (economics) The misery index is an economic indicator, created by economist Arthur Okun. The index helps determine how the average citizen is doing economically and is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate. It is assumed that both a higher rate of unemployment and a worsening of ...
This is a list of OECD countries by long-term unemployment rate published by the OECD.This indicator refers to the number of persons who have been unemployed for one year or more as a percentage of the labour force (the sum of employed and unemployed persons).
Jamaica (6.1%) Trinidad and Tobago (3.3%) Map of Caribbean islands. Table. Country / dependency % total UN 2023 estimate % change Official figure Official date 1
Rank Country/Region Labour force Date of information — World 3,382,000,000: 2017 est. 1 China 781,808,000: 2022 est. 2 India 554,145,000: 2022 est. 3 United States ...
But, the unemployment rate for youth was 9.6% in July, down by 1.9% from July 2016. [93] The demographic of unemployment among youth in the United States as of July 2017 were 10.1% for young men and 9.1% for young women. The July 2017 unemployment rates for young whites were 8.0% and for young blacks 16.2%.