Unemployment Rate First-Half is 3.0%

30 September 2022 | Statement | By: Economics and Statistics Office

Labour market estimates from the Labour Force Survey (LFS) Spring 2022 show the unemployment rate (the proportion of unemployed persons to the total labour force) at 3.0%.

The total labour force increased by 11.7% to reach 54,398 persons. The employed labour force was estimated at 52,764 persons, an increase of 14.9% compared to Census 2021. The number of unemployed persons was estimated at 1,634.

Employed Caymanians were estimated at 21,299, reflecting an increase of 5.7% when compared to the 2021 Census estimate. The number of unemployed Caymanians fell by 725 persons to 1,140 persons in Spring 2022, resulting in an unemployment rate of 5.1%.

The LFS Report also presents the population estimate of the Islands as of June 2022 – this grew by 10.5% from the 2021 Census period to reach 78,554. The Caymanian population rose by 1.0% to 38,425. The Permanent Resident population reached 6,756 persons as compared to 6,378 persons revealed by Census 2021. The Non-Caymanian population is estimated at 33,373, an increase of 25.1% relative to the estimated population as of the 2021 Census period.

More information on “The Cayman Islands’ Labour Force Survey Spring 2022 Report” is
available at www.eso.ky.

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