Unemployment in Saint Lucia continues to fall!

By SNO Staff

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Photo from govt.lc

Unemployment has dropped to 16.8 percent in the third quarter of 2017, according to the Central Statistics Department latest job figures.

For the same period last year, (July – September 2016) unemployment had stood at 20 percent. This indicates a 3.2 percent drop in comparison.

The current 16.8 percent decline shows an improvement from the second quarter of this year – April to June 2017- which was 20.8 percent. For that same period last year, unemployment was 21.4 percent.

Approximately 5,000 new jobs were created in the third quarter of this year.

This increase came from the following sectors: Accommodation and Food Services which makes up 17.8 percent of employment figures, Wholesale and Retail Trade and Auto Repairs – 15.9 percent. The Forestry and Agriculture Industries saw an improvement of 10.8 percent while construction saw a 10.1 percent increase.

Youth unemployment has been reduced from 39.8 percent in the second quarter to 34.3 percent this quarter. Last year’s third quarter figure was 35.9 percent.

The results of the St. Lucia Chamber of Commerce’s annual business performance survey, as presented by Executive Director Brian Louisy, showed that businesses generated better sales in the first part of the year. The October results showed that 65.2 percent of the businesses surveyed reported higher income compared to 60.9 in 2016. 39 percent recorded more staff additions from January to June 2017.

And about 45 percent of surveyed firms said they expect to add to their staff teams for the second half of 2017.

According to the Chamber of Commerce, the projected increase in hiring is believed to be due to measured confidence in the economy by local businesses. About 70 percent of the surveyed participants are fairly optimistic about further economic progress.

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17 comments

  1. I believe the numbers St. Catherine received were fudge. if St. Catherine received garbage he can only produce garbage. I believe the man is honest. How does 5000 job result is a 16% decline in employment. So only about 30, 0000 people are actively seeking jobs. Only approximately 12, 000 youth are unemployed?

    I must credit Chastent, he must be a magician creating jobs without pounding on one nail or moving one stick. If it smells like RAT...It is A RAT. In a country where people were gullible enough to believe VAT would be removed and that Chastenet had direct control over gas prices it is not surprising by the attempts to pull wool over the people eyes. It is lamentable and proves the desperation of an inept government. But people get the governments they deserve. Frankly, I do not feel sorry for anyone in this country because these are the consequences of their decision. We are corrupt people so it is right that we get a corrupt government.

    I expect to see a rise in spending during Christmas and the Inland Revenue Department to report increases in revenue
    collection.

    (0)(0)
  2. Lies To Stay Alive.......#nice

    (0)(0)
  3. The same set that's shouting fake news. When slp was say I g that same thing it was real as real can be. Lol some of ual l jus a bunch of asses. Everything don't appear read. Lol

    (0)(0)
  4. This is de biggest B.S! Everybody know da Niggers don't work. Fake news, move along.

    (1)(0)
  5. It's an SLP thing you all dingbats are never satisfied to hell with you all go create jobs for you'll selves day ban makak in wo wa. It's always give me give me give me losers.

    (2)(0)
  6. New Testament Verse of the Day:

    He took some bread and gave thanks to God for it. Then he broke it in pieces and gave it to the disciples, saying, "This is my body, which is given for you. Do this to remember me."
    – Luke 22: 19

    (1)(1)
  7. This is very much fake news. In this god forsaken country you can have experience and education and you will still be unemployed, farless for the young folks with little to no edcation and experience. Mr prime minister STEP, construction and cleaning after tourist are not jobs. In this country is who you know and who know you.

    (3)(3)
  8. Stop reporting fake news. In this god forsaken country you will have the education and the experience and you will still not be acknowledged. Far less for the people with no experience and little education. Prime minister STEP, construction and working in hotels picking up after tourist are not jobs. The unemployment rate is very much high it still goes as who you know and who know you.

    (1)(1)
  9. Yes more jobs ever. Meaning more man slaughters than ever. Murder rates rising. Vat rising. People suffering while chasnet n his administration pockets are fulling up. No one benifiting in st.lucia .its a kiss ass business.

    (3)(2)
  10. its all fake. who conducted this research? what instruments were used? smh lies and more lies. And really terrence??

    (1)(1)
  11. Huh ?? Must be a misprint

    (1)(1)
  12. Oh good report make St Lucia great again,St Lucia Wil be prosperous again under prime minister Allen by the power that is in Christ Jesus.There will be showers on every hills,showers of blessing in Jesus name.To God be the glory great he has done.

    (7)(35)
    • How very Trumpism! When y'all were in opposition y'all were crucifying St Catherine saying "these reports are fake." Today, y'all want to bask in his "Ray of sunshine?" Get out of here with that . . . Fake news!

      (1)(0)
  13. Fake news on Fake Static From Fake organisations.
    Where is the Beef?

    (36)(12)
    • Fake Statistics!

      G.J

      (1)(0)
      • would you prefer it if the unemployment figure rose, maysiay where they take yaull. People like you should be shipped on a one way ticket to Syria

        (0)(0)
        • They get "us" the same place y'all were. Remember? When St. Catherine came out with statistics (during the former admin) on falling unemployment rate, y'all were ready to crucify him! Today you are embracing him?! Fire for you and UWP. FAKE!

          (0)(0)

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