Tuesday, August 21, 2012

Jamaica: Unemployment rises to 14.3 percent

Jamaica posted an unemployment rate of 14.3 percent (representing approximately 180,000 peop) in April 2012. The rate of unemployment is the highest posted since January 2000.

The figures were released today, by the Statistical Institute of Jamaica.

The higher than usual unemployment rate is due to the contraction of the Construction, Education, Wholesale and retail sectors of the economy.

It should be noted that Prime Minister Portia Simpson-Miller's People's National Party (PNP)

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