Unemployment rate fell to 4.7 percent as Employment Grew in 2014

"The overall unemployment rate in the Cayman Islands was 4.7 percent in 2014."

The overall unemployment rate in the Cayman Islands was 4.7 percent in 2014. The unemployment rate among Caymanians was estimated at 7.9 percent, this is lower than the 9.4 percent recorded in 2013 and for non-Caymanians the rate was 1.5% down from 3.1% in 2013.

⫿I am pleased that the labour market improved last year, and progress is expected this year towards further reducing the overall unemployment rate??? notes the Minister for Finance and Economic Development Minister, Hon. Marco Archer.

The final results of the 2014 Labour Force Survey, released today by the Economics and Statistics Office, presents data on Cayman’s labour force, unemployment rate, and persons who are not economically active.