6.7% in 2010

Cayman had an overall unemployment rate of 6.7 per cent, or 2,396 people out of work, last year, according to preliminary results from the 2010 Census.

This marked an increase of 0.7 per cent in the unemployment rate compared to the year before.

The preliminary report stated that the estimated total labour force in 2010 was 35,859, with 33,463 employed.

“The results on the labour force indicate the need for continued efforts to create economic opportunities that would benefit the workforce,” said Premier McKeeva Bush in a government-issued press release Friday.

The census revealed that labour supply fell last year, but the demand for labour dropped at a sharper rate, resulting in higher unemployment than in 2009.

According to the 2009 Economic and Statistics Office Labour Force Survey, the unemployment rate among Caymanians was 9.9 per cent, compared to 2.2 per cent of non-Caymanians. Combined, this meant there was a 6 per cent overall unemployment rate, or 2,180 people out of work, in 2009.

The preliminary results of the 2010 census do not include information on how many Caymanians and non-Caymanians, respectively, were unemployed.

According to the Economic and Statistics Office, a more detailed report with a breakdown of employment rates by immigration status, gender, industry and occupation will be made available as part of the final Census Report to be released at the end of this year.

Traditionally, the rate of unemployment among Caymanians is higher than non-Caymanians as expatriates are normally required to leave the Cayman Islands if they are out of work.

The statistics on the labour force were collected as part of the overall census carried out in October and November last year. The data collected relates to the state of employment and unemployment in October 2010.