Tag: unemployment

Population had grown to nearly 70,000

Population had grown to nearly 70,000

| 19/06/2020 | 60 Comments

(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. […]

Continue Reading

16% jobs lost in first month of lockdown

16% jobs lost in first month of lockdown

| 27/04/2020 | 55 Comments

(CNS): A straw poll of some 300 members of the Chamber of Commerce showed that between 13 March and 17 April those businesses laid off more than 1,400 employees, which is around 16% of the respondents’ pre-COVID-19 workforce. Chamber President Woody Foster said that this survey covered only a small percentage of employers, so the […]

Continue Reading

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 […]

Continue Reading

Cayman Islands unemployment falls to 3.4%

Cayman Islands unemployment falls to 3.4%

| 05/09/2018 | 42 Comments

(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 […]

Continue Reading

MLA calls for clarity on job criteria

MLA calls for clarity on job criteria

| 06/10/2017 | 72 Comments

(CNS): The independent member for George Town Central is calling for a national list of jobs, clarifying the criteria, to help address the mounting concerns about rogue employers manipulating recruitment to favour cheap labour over locals. Kenneth Bryan plans to file a private member’s motion at the next legislative sitting that will help employers, job-seekers, […]

Continue Reading

Local unemployment rises in spring survey

Local unemployment rises in spring survey

| 03/10/2017 | 36 Comments

(CNS): There was mixed news on employment rates in Cayman with the release of the Labour Force Survey Report for March 2017: the number of unemployed Caymanians was higher than the same period in 2016 but a drop when compared to the October 2016 report. The overall unemployment rate, which includes permanent residents with the […]

Continue Reading

MLA urges action over potential ex-pat exodus

MLA urges action over potential ex-pat exodus

| 17/08/2017 | 251 Comments

(CNS): The deputy opposition leader and independent member for Newlands is urging government to act now in preparation for what many believe will be an exodus of ex-pat workers at the end of this year over changes to the pension law. Alva Suckoo said that out-of-work Caymanians need to be trained now to fill vacancies […]

Continue Reading

ESO to begin workforce survey

ESO to begin workforce survey

| 23/02/2017 | 17 Comments

(CNS): Officials from the Economics and Statistics Office (ESO) are urging the public to cooperate with their enumerators who will begin going door-to-door to at over a 1,000 random homes on Sunday 5 March to conduct the Labour Force Survey for this spring. The survey collects data from people currently living in the Cayman Islands […]

Continue Reading

Jobless total falls to new low of 3.9%

Jobless total falls to new low of 3.9%

| 22/09/2016 | 50 Comments

(CNS): A new Labour Force Survey has found that the total number of people out of work in the Cayman Islands this spring had fallen to 3.9%, the lowest jobless figure since 2007. The latest report from the Economics and Statistics Office indicates that the rate of unemployment among locals has also fallen significantly, from […]

Continue Reading

Work permits climb towards 23,000

Work permits climb towards 23,000

| 27/08/2016 | 144 Comments

(CNS): The number of work-permits held by Cayman employers during the first three months of this year rose by 6.3% when compared to the same time period in 2015. According to the latest quarterly report from the Economics and Statistics Office, there were 22,295 at the end of March, as demand for foreign labour continued […]

Continue Reading

Local unemployment falls to 6.2%

Local unemployment falls to 6.2%

| 23/02/2016 | 53 Comments

(CNS): The latest Labour Force Survey suggests that the unemployment rate fell to 6.2% among Caymanians, down from the spring high of over 8% and 7.9% in the autumn of 2014. The overall unemployment rate in the Cayman Islands, which includes expatriates, permanent residents and other non-Caymanians as well as local workers, declined to 4.2%, […]

Continue Reading