Unemployment to 6.2 per cent based on high season statistics

PHILIPSBURG –The country’s unemployment rate is down to 6.2 per cent based on the results of the 2017 Labour Force Survey conducted from mid-January to the first week of March (high season) by the Department of Statistics STAT.

When the survey was carried out in 2013 (low season), unemployment was put at 1,934 persons, while this year it was 1,388.

The percentage is based on a sample survey among households with the broad aim to measure the recent developments of the labour market. A total of 1,200 households were visited by interviewers and the response rate was 76 per cent.

The definition of unemployment used by STAT refers to persons ages 15 years and older who did not work or have a job from which they were temporarily absent during the reference week, but were actively looking for work during the four weeks prior to the survey week and were able and willing to work. Persons who did not look for work because they were on layoff or waiting to start a new job within the following 30 days are also classified as unemployed.

The next scheduled Labour Force Survey will take place in the low season, so that alternate comparisons can be made.

Source: The Daily Herald https://www.thedailyherald.sx/islands/66543-unemployment-to-6-2-per-cent-based-on-high-season-statistics