Unemployment Continues Downward Trajectory

 

• In October 2018, the unemployment rate was 8.7 percent which represents a reduction of 180 bps relative to the  10.5 percent recorded in October 2017.

 

• The largest change in employment by industry group was in ‘Real Estate, Renting & Business Activities’ which increased by 9,700 persons, (11.9%) moving from 81,700 in October 2017 to 91,400 in October 2018.

 

• The increase in employment for females was more than twice that of males, the number of employed males increased by 4,300 to 672,400 and employed females by 10,100 to 547,300.

 

• It must also be noted that there was a reduction in the number of unemployed persons and a simultaneous decline in the labor force. 

 

(Source: STATIN Press Release)