7 News Belize

Unemployment Up to 16%
posted (February 8, 2013)
Unemployment went up from 14.4% in April of 2012 to 16.1% in September of 2012. That 1.7% jump represents over two thousand persons. That's the finding of a national labour force survey was conducted in September, 2012. The statistical institute of Belize says that the jump is mostly attributable to downturns in tourism, citrus and sugar industries as well as to an influx of recent graduates into the job market.

The Cayo and Corozal Districts have the highest unemployment rates and Maya's have the highest unemployment rate. The unemployment rate for males went up from 9.1 percent in April to 11.9 percent in September while the rate for females remained constant at an alarming 22.4 percent.

Young people, those between the ages of 14 and 24 have the highest unemployment rate at 30% - which is almost double the national unemployment rate of 16.1%. It's highest in Cayo where 33.5% of youths are unemployed.

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7 News Belize