Tag: Economics and Statistics Office
Cayman Islands unemployment falls to 3.4%
(CNS): Unemployment in the Cayman Islands has fallen to its lowest level since before the global economic crash, according to figures released by the Economic and Statistics Office on Wednesday. The Spring 2018 Labour Force Survey estimates that the overall unemployment rate is now at 3.4% (down from 4.1% this time last year), while for Caymanians […]
Report shows 250% jump in welfare support
(CNS): A new report from the ESO documenting a variety of statistics in the Cayman Islands for 2017 has revealed a massive jump in the number of people seeking assistance from the Needs Assessment Unit last year, with a 254% increase in “miscellaneous supplements” given to people receiving some kind of government welfare, officials said. The […]
Local inflation increases by more than 3%
(CNS): New figures from the Economics and Statistics Office show a worrying trend for Cayman, with inflation growing by 3.2% in the first quarter of 2018. Although the country saw what officials described as “robust growth” through 2017, with the gross domestic product rising by 2.9%, the inflation level is impacting the man on the […]
Cayman’s 2017 imports highest for ten years
(CNS): The increase in the price of oil and the volume imported was behind a surge in the value of imports to Cayman last year of more than $23 million. But in a sign of improving economic fortunes for some residents, people living in Cayman also purchased a lot more goods. Figures from the Economics […]
ESO begins work to update household register
(CNS): The Economics and Statistics Office has begun collecting basic housing information across the three Cayman Islands in order to update its Household Register. The public is asked to cooperate with staff from the office who will be visiting addresses on the register, which is used as the sampling frames from which households are selected […]
Unemployment up to 4.9% despite robust economy
(CNS): The newly published 2017 autumn Labour Force Survey has revealed that the unemployment rate in Cayman increased at the end of last year when compared to both the 2016 seasonal survey and the 2017 spring survey. The latest statistics from the Economics and Statistics Office show overall unemployment jumped from 4.1% in the spring […]
Work begins on latest Labour Force Survey
(CNS): The general public is being urged to cooperate with trained interviewers from the Economics and Statistics Office who began work Sunday on the Spring Labour Force Survey (LFS). Around 1,500 randomly selected households are scheduled for participation in the electronic questionnaire that collects data on people in work and those looking for jobs across the Cayman […]
ESO gets to work on annual business statistics
(CNS): Businesses are being asked to complete survey forms over the next few weeks as the Economics and Statistics Office begins its annual work measuring the economic performance of industries in Cayman for 2017. Forms were hand-delivered, mailed and emailed to businesses that produce goods and services in the Cayman Islands at the beginning of […]
Cayman economy grew more than expected
(CNS): The Cayman Islands gross domestic product (GDP) is estimated to have grown by 2.4% in the first nine months of 2017, an increase of 0.3% on the projected forecast. Officials from the Economics and Statistics Office showed economic activity was up across most sectors last year but it also led to price hikes and an […]
Domestic workers will be included in survey
(CNS): The Economics and Statistics Office will begin visiting sample homes across Cayman where domestic workers are employed as part of the 2017 Occupational Wage Survey (OWS). The ESO has already started surveying businesses and government departments, but beginning today, Thursday 16 November, trained enumerators will start visiting households that directly employ helpers, gardeners and other […]
More work needed to improve local statistics
(CNS): The finance minister has admitted that Cayman’s local statistics are underdeveloped when compared to some countries in the region and there is still a long way to go to create a public sector-wide statistical system. Speaking to a group of regional statisticians Monday, Roy McTaggart outlined how important statistics are to good governance and […]
