Tag: unemployment

$144M spent in five years helping locals into work

$144M spent in five years helping locals into work

| 04/06/2024 | 58 Comments

(CNS): The Cayman Islands Government spent close to CI$144 million over five years (2019 to 2023) on efforts to get Caymanians into work, but a report by the Office of the Auditor General found little evidence that any of the various programmes and attempts to remove barriers have actually impacted the unemployment rate. The report […]

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PPM: Gov’t lacks plan to tackle local unemployment

PPM: Gov’t lacks plan to tackle local unemployment

| 29/04/2024 | 44 Comments

(CNS): Opposition Leader Roy McTaggart has questioned why the government has no strategy to address the notable increase in local unemployment figures revealed in a report by the Economic and Statistics Office earlier this month. In a video statement posted on social media, he said there were “things to be concerned about” regarding the number […]

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Growth in WPs undermining economic growth

Growth in WPs undermining economic growth

| 25/04/2024 | 58 Comments

(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% […]

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Labour Force Survey reveals leap in expat workers

Labour Force Survey reveals leap in expat workers

| 06/10/2023 | 42 Comments

(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 […]

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Population grows 2.6% as work permits surge

Population grows 2.6% as work permits surge

| 21/09/2023 | 81 Comments

(CNS): The Cayman Islands population has grown by at least another 2.6% to almost 84,000, according to the latest Labour Force Survey undertaken by the Economics and Statistics Office. The proportion of Caymanians in this new estimated population has dropped another 1% since the last survey in October to 46.5%, as the growth has been […]

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Local unemployment rate falls to record low

Local unemployment rate falls to record low

| 30/03/2023 | 45 Comments

(CNS): The unemployment rate among Caymanians fell to a new low of 3.6% in October 2022, with just 796 local people declaring themselves jobless, according to the Economic and Statistics Office’s Fall Labour Force Survey. With another 9,000 people added to the workforce last year, the population is now over 81,500, an increase of more […]

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Local unemployment passed 8% in late 2020

Local unemployment passed 8% in late 2020

| 07/04/2021 | 62 Comments

(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 […]

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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. […]

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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 […]

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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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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 […]

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