The Statistical Institute of Belize, SIB, today released the preliminary findings of its labor force survey conducted for the month of April 2013. The survey looked at the rates of unemployment in terms of age, gender, and by districts. According to the results, the national employment rate for April 2013 stood at 12.1%- a decrease from 14.4% as recorded for the previous year for the same month. According to the Statistical Institute of Belize, the decrease to 12.1% represents a fall in the number of persons without a job from about 21,370 to 17,920 persons. In terms of unemployment rate by districts, it varied from a minimum 8% in Toledo to a maximum 15.5% in Stann Creek. The SIB says that there was a decline of unemployment rate in all districts, particularly in Toledo and Cayo where the unemployment rate decreased by more than 5% with its attributes in the agricultural sector. In terms of gender, the survey found out that women continued to be more affected by unemployment than males. According to the results, women are three times more likely to be unemployed than men. Persons between the ages of 14 and 24 remain the highest sector to be unemployed. The SIB says that the decline in the unemployment rate was due to a smaller percentage of working-age persons working. It is expected that a more detailed report will be released in the next two months. Image may be NSFW.
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Decline In Unemployment Reported
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