Quarterly survey pegs unemployment rate at 12%, youth unemployment at 21.6%

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The unemployment rate during the period of July to September of 2017 was at 12 per cent with youth unemployment (ages 15 to 24) being 21.6 per cent, according to a quarterly report of the Guyana Labour Force Survey.

The findings were revealed on Thursday at the Marriott Hotel

Of the unemployment figure amongst youth, females account for 28 per cent.

The survey further detailed that unemployment among women was 15.3 per cent and 9.9 per cent among men.

The total employed population during the period of the survey was 271, 068, with males accounting for 166, 873 and females 104, 195. Urban workers totalled 188, 774 while the rural area had 82, 294 workers.

It was found during the surveyed quarter that the average salary per month for employed workers is $82,636 while self employed workers earn $67,064.

Meanwhile, the average weekly hours of work for all workers was 46.8 hours, with males working more at an average of 50.6 hours.

The quarterly survey was the first of its kind and was done by the Bureau of Statistics with funding from the Inter-American Development Bank (IDB).

The findings were revealed this morning at the Marriott Hotel. A similar survey was done for the period of October to December 2017, and regular quarterly reports are expected going forward.

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