Tag: Labour Force Survey
Official estimate of population is almost 88,000
(CNS): As of June this year, the estimated population of the Cayman Islands had risen to 87,866, a more than 5% increase on the 2023 figure and a growth in headcount of around 3,000 people from December 2023, when the population stood at 84,738. The number of Caymanians rose by just 2.5% to 39,897, while […]
Local jobless rate at 4.9% as workers grow to 62k
(CNS): The significant growth in the workforce over the last year has done little to assist the local unemployment rate, which was still running at 4.9% at the end of April. According to the results of the ESO’s Spring 2024 Labour Force Survey, over 61,000 people are currently in work, an increase of 6.5% compared […]
GDP grows by 4.2%, nears CI$71k per capita in 2023
(CNS): The Cayman Islands’ real gross domestic product (GDP) expanded by an estimated rate of 4.2% last year, a slight decline from the growth of 5.2% in 2022. The nominal GDP per capita income was estimated at $70,985 for 2023 even though, according to the last Labour Force Survey, well over 60% of the working […]
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. […]
