Tag: Economics and Statistics Office

Employment survey begins in March

Employment survey begins in March

| 12/02/2020 | 13 Comments

(CNS): The Economics and Statistics Office (ESO) will begin its Spring Labour Force Survey (LFS) next month to collect data on people in the Cayman Islands who are employed, those looking for work, as well as those who are not in the workforce. Beginning on Sunday, 8 March, trained interviewers will visit 1,500 randomly selected […]

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Local jobless rate at 4.8%

Local jobless rate at 4.8%

| 14/11/2019 | 138 Comments

(CNS) UPDATED: According to the 2019 Spring Labour Force Survey, compiled by the Economics and Statistics Office, the Cayman Islands’ overall unemployment rate increased from 2.8% in the Autumn 2018 report to 3%. However, this is an improvement on the Spring of 2018. Reading from the latest survey, Finance Minister Roy McTaggart revealed that the […]

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Population edges towards 66,000

Population edges towards 66,000

| 27/09/2019 | 96 Comments

(CNS): The official population count at the end of 2018 was 65,813, an increase of 3.8%, according to official statistics published this week by the Economics and Statistics Office. The 2018 Compendium of Statistics paints a picture of Cayman by numbers that shows a growing economy and the largest work force in Cayman’s history. But […]

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High rents help fuel inflation trouble

High rents help fuel inflation trouble

| 10/09/2019 | 115 Comments

(CNS): The local inflation rate showed no sign of slowing down at the start of this year after a near 20% increase in residential rents in the twelve months between March last year and this led to an increase of 4.5% in the cost of living. Inflation has proved to be a thorn in the […]

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Wage survey reveals equality gaps

Wage survey reveals equality gaps

| 25/06/2019 | 37 Comments

(CNS): Almost 65% of the Cayman Islands’ workforce earned less than the average salary in 2017 and early 2018, according to a newly released pay survey by the Economics and Statistics Office. The first-ever occupational wage survey in the Cayman Islands has revealed a number of discrepancies in various different groups and some significant equality […]

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Local jobless rate falls to 4.6%

Local jobless rate falls to 4.6%

| 28/05/2019 | 35 Comments

(CNS): The latest Labour Force Survey indicates that the unemployment rate among Caymanian workers has fallen to a new low of 4.6%, or 996 people. According to the Economics and Statistics Office, the overall jobless rate was down to just 2.8% in the autumn of 2018, the lowest for the Cayman Islands since 2006, when […]

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ESO begins work to gather annual statistics

ESO begins work to gather annual statistics

| 03/04/2019 | 1 Comment

(CNS): The Economics and Statistics Office will begin its annual business surveys to measure the country’s economic performance in 2018 next week. The ESO needs data for the System of National Accounts (SNA), which estimates the total value of goods and services produced by the different industries in the Cayman Islands, and for the Balance […]

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Premier predicts further fall in unemployment

Premier predicts further fall in unemployment

| 26/02/2019 | 52 Comments

(CNS): Premier Alden McLaughlin has said that when the fall 2018 Labour Force Survey results are released by the Economics and Statistics Office, it will show that unemployment has dropped to its lowest rate in more than decade. He said the overall rate is expected to be just 2.9%, and among Caymanians it will have […]

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Economy grew 3.7% in first half of 2018

Economy grew 3.7% in first half of 2018

| 13/02/2019 | 4 Comments

(CNS): The Economics and Statistics Office has published the half-year report for the first six months of last year, which confirms that the Cayman Islands economy was heating up during the period, with gross domestic product estimated to have grown by 3.7%. All major sectors grew, fuelled by a strong increase in visitors and financial services […]

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Inflation undermining economic success

Inflation undermining economic success

| 11/02/2019 | 37 Comments

(CNS): The good news that government has been promoting over the last few years, that the economy is growing and the public is benefiting from this improvement in the Cayman Islands’ domestic fortunes, is now being challenged by persistent levels of inflation, which is eating away at the limited disposal income of many people. In […]

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Local economy heating up with 4% growth

Local economy heating up with 4% growth

| 22/10/2018 | 37 Comments

(CNS): The local economy is growing much faster than predicted, and while this is good news for business and government coffers, the increased economic activity across all major sectors is fuelling inflation. Gross domestic product was up 4% in the first quarter of 2018, and consumer demand led to the highest second quarter growth in imports since 2005 […]

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