Unemployment rate in Barbados for third quarter 2014 at 12.9 percent

News-1Bridgetown, Barbados (BGIS) — Statistics derived from the continuous household labour force survey indicated that the rate of unemployment in Barbados for the July to September quarter of 2014 stood at 12.9 percent.

According to the Economic Affairs Division, unemployment among males stood at 11.5 percent and at 14.3 percent among females.

In the review period, the number of persons employed totalled 123,500; of whom 63,500 were males and 60,100 were females.

The number of unemployed persons stood at 18,300 — 8,300 males and 10,000 females. In total, the number of persons in the labour force stood at 141,900; while those not actively looking for work, hence excluded from the labour force, was 80,600 persons. The labour force participation rate stood at 63.7 percent, with participation among males at 67.5 percent and 60.3 percent among females.

In the third quarter of 2014, the wholesale and retail trade sector generated jobs for the largest number of persons, employing 21,700 persons, while 14,000 were employed in the accommodation and food services sector.

The construction, mining and quarrying sector generated employment for 13,000 persons and the manufacturing sector created work for 10,200 persons. Employment in the public administration and defence sector reached 8,400 persons, while the administrative and support service sector reached 7,300 persons.

The other groups sector, which includes information and communications, activities of extraterritorial organisations and bodies, real estate and arts, entertainment and recreation, employed 6,800 persons ,while 6,400 worked in the education sector.

The human health and social work sector and transportation and storage sectors each generated employment for 6,100 persons. Employment in the finance and insurance sector stood at 4,800 persons, while employment in the professional, scientific and technical services sector stood at 4,600 persons, and 4,500 persons worked in the activities of households as employers sector.

During the review period, employment recorded in the agriculture, forestry and fishing sector stood at 4,100, while employment levels in the other services sector stood at 3,500. The electric, gas, steam, water and air conditioning supply sector generated jobs for 2,000 persons.

All data are provisional due to the unavailability of the 2010 Census data. These figures will be revised as soon as the data become available. Due to rounding, some totals may not agree.

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