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  • Speaker Of The House Signs MOU With FOPREL And SICA

    Friday, 07 September 2018 02:44
  • New International Flight Headed To Belize

    Friday, 07 September 2018 02:46
  • 224 Farmers Graduate From Farmers Field School

    Friday, 07 September 2018 03:09

Screen_Shot_2014-01-29_at_8.08.47_PMThe Statistical Institute of Belize has released its latest report on Unemployment, Inflation, and External Trade. In its latest report on the Labour Force Survey, which measures employment, and which is conducted twice annually – in April and September – unemployment decreased by nearly two points. Since September 2013 the unemployment rate stood at 14.2%, down from 16.1% in September 2012. To be more specific, the number of employed persons increased by 1,500 in September 2013 compared with September 2012 and the median monthly income was $900. Figures for those without a job show that there are 3 unemployed women for every two unemployed men; percentages stand at 21.5% for females and males 9.6%.

 

Unemployment among persons aged 14 to 24 was 25.3%. Those aged 25 to 34 accounts for half that figure while only about ten percent of people over fifty-five years are unemployed. Belize’s labour force, which is measured from persons fourteen years and older, stands at 149,000.

 

This does not include students, housewives, retired or disabled persons. 128,000 of that figure are self-employed, work for someone or hold short term jobs. The unemployment rate is highest in the Cayo District at 16.7% and lowest here in the Orange Walk District at 11.8%. The rate in Stann Creek saw a slight increase from 14.9% to 15.1%. Orange Walk and Stann Creek, home to major industries, lost 1,500 jobs between them from 2012 to 2013, but increases in the Belize and Cayo Districts made up for that loss.

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