However, the overall labour force in Cayman also grew, according to the survey which the government produces each year.
The total number of employed individuals in the Cayman Islands for 2012 was estimated at 36,401, higher by 3.2 percent compared to 2011 which saw 35,267 employed people. Caymanian and non-Caymanian employment rose by 3.3 and 3.2 per cent, respectively.
“I am pleased that the labour market improved last year, and I expect it to make further progress this year towards reducing the overall unemployment rate,” said Premier Juliana O’Connor-Connolly.
However, the number of unemployed people in Cayman also grew from year-to-year.
In 2011, the government estimated there were 2,353 jobless within the Cayman Islands. In 2012, there were an estimated 2,410 unemployed.
Breaking that number down by Caymanians and non-Caymanians; there were an estimated 1,925 unemployed Caymanians here last year compared to an estimated 1,732 based on statistics office figures for 2011.
That left Caymanian unemployment at 10.5 for last year, compared to 9.8 per cent the year before.
The number of non-Caymanians unemployed in 2012 was estimated at 485. That number was estimated at 621 by the Economics and Statistics Office during 2011. Typically, unemployment for non-Caymanian workers is quite low because they are not allowed to stay in the Islands without jobs.
Please see much more on this story in Monday’s Caymanian Compass…