Tag: Labour Force Survey
Growth in WPs undermining economic growth
(CNS): Recent revelations from the 2023 Fall Labour Force Survey about the size of the workforce and the increase in local unemployment to over 5% from just over 3% last year while work permit numbers remain high raise questions about the health and sustainability of Cayman’s economy. Last year, the economy grew by about 4% […]
ESO prepares to begin labour and quality of life surveys
(CNS): The Spring Labour Force Survey (LFS) and the Quality of Life Survey (QLS) conducted by the Economics and Statistics Office will begin on Sunday, 28 April, and the ESO is urging people to take part as the Cayman Islands continues the quest to improve data collection. The LFS seeks information on employed and unemployed […]
Local unemployment up to 5% even as workforce grows
(CNS): Unemployment statistics appear to be going in the wrong direction, according to the latest numbers from the Economics and Statistics office. The Labour Force Survey (LFS) Fall 2023 Report shows that the overall unemployment rate was 3.3% in October last year, but the number of Caymanians out of work had increased to 5% (357 more people) […]
Labour Force Survey reveals leap in expat workers
(CNS): “Growth cannot come at the cost of peace of mind and quality of life,” Premier Wayne Panton said Thursday as the Economics and Statistics Office released its Spring 2023 Labour Force Survey. The results show a record-breaking leap in the workforce of almost 8% since the spring of 2022, fuelled by a growth in […]
Workforce grew by almost 15% since census
(CNS): The number of people in the Cayman Islands currently in a job has grown by almost 15% since the census was completed less than twelve months ago. The combined number of people looking for a job or in work also grew to 11.7%, increasing the actual workforce here to a record level of 54,398 […]
Local unemployment passed 8% in late 2020
(CNS): The Economics and Statistics Office’s latest Labour Force Survey outlines the significant impact the COVID-19 health crisis had on unemployment last year, documenting a drop in the workforce from almost 50,000 people in the autumn of 2019 to just under 44,000 last October. Although they are six months old, the statistics provide the first […]
ESO begins first post-COVID labour research
(CNS): Trained interviewers with the Economics and Statistics Office (ESO) will begin the Fall Labour Force Survey later this month, which will paint the first statistical survey of Cayman’s post COVID-19 job market and a population snapshot. With the 2020 national census cancelled because of the health crisis, this research will provide a reliable estimate […]
Population had grown to nearly 70,000
(CNS): Cayman’s unemployment rate increased in October last year, even when the population and workforce were both at an all-time high, according to the 2019 Fall Labour Force Survey (LFS). The report, undertaken before the COVID-19 pandemic changed everything, reveals that the population was just short of 70,000 and the workforce had reached almost 50,000. […]
Employment survey begins in March
(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 […]
Local jobless rate falls to 4.6%
(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 […]
ESO begins work on employment survey
(CNS): Around 1,500 randomly selected households will be visited by trained interviewers from the Economics and Statistics Office throughout October as the autumn Labour Force Survey (LFS) gets underway on Sunday, 30 September. The twice-yearly survey collects data from residents in the Cayman Islands, both local and foreign, who are employed, unemployed but looking for work, as well as […]
