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Caymanian unemployment on the rise

Caymanian unemployment is on the rise.

The unemployment rate for Caymanians rose to 7.1% in October 2016, up from 6.2% in October 2015, according to the Economics and Statistics Office.

The ESO says the total employment of Caymanians grew by .9% in that year span. The overall number of Caymanians seeking employment also grew, however, leading to the rise in the unemployment rate.

Looking at the total labour force — which takes non-Caymanians into consideration — unemployment stayed steady at right around 4.2%.

Cayman still boasts the lowest unemployment rate statistics among Caribbean countries that publish such numbers. The Bahamas and Jamaica both had unemployment rates over 12 percent last year. Bermuda stood at seven percent in 2015.

About the author

Kevin Morales

Kevin Morales

Cayman 27 News Director Kevin Morales is an award-winning journalist with more than 12 years of experience. Kevin is a Milwaukee, Wis., native. He graduated with a bachelor's degree in journalism in 2005 from the University of Minnesota. He's a proud father and a loyal fan of the Green Bay Packers, Milwaukee Brewers, Milwaukee Bucks and U of M Golden Gophers.

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