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Unemployment increases slightly to 5.1% in 3Q 2019

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Unemployment increases slightly to 5.1% in 3Q 2019

unemployment-2.jpg

Sri Lanka’s unemployment rate has increased slightly to 5.1% in the third quarter of 2019, from 4.9% in the second quarter, the latest data from the state statistics office show.

The number of unemployed persons is estimated as 437,797 during the third quarter 2019.

Overall unemployment rate reported for female is 8.5 percent and it is 3.3 percent for male.

Youth unemployment rate (age 15 – 24 years) corresponding to the third quarter 2019 is 23.3 percent and that is the highest reported unemployment rate among all age groups. Further the unemployment rates for males and females are 17.5 and 33.9 percent respectively for age group 15—24.

The survey results further reveals that the unemployment among females is higher than that and gender – Second quarter 2019 of males, in all age groups. Youth and female unemployment contribute more to the overall unemployment of the country.

The highest unemployment rate is reported from the G.C.E (A/L) and above group which is about 8.7 percent. Corresponding percentages are 4.8 percent and 12.9 percent for males and females respectively. Female unemployment rates are higher than those of males in all levels of education.

Survey results further shows that the problem of unemployment is more acute in the case of educated females than educated males, which was observed consistently over the results of previous survey rounds as well.

http://bizenglish.adaderana.lk/unemployment-increases-slightly-to-5-1-in-3q-2019/

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