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Caymanian unemployment rate increased to 8.3% at the end of 2020

The number of unemployed Caymanians increased by 558 to 1,759, resulting in an unemployment rate of 8.3% in the second half of last year.

OECD unemployment declines amid mixed market indicators

Unemployment in industrialised countries continued to decline at the end of 2020 as leading indicators in most advanced economies continued to improve. 

The Resh Hour talks Caymanian unemployment

On tonight's show we are joined by Micheal Ebanks Acting Chief Officer Ministry of Employment Border Control and Kyle McLeans WORC, Deputy Director for Business Operations.

Unemployment on track to hit 6.9% by year end

Cayman's unemployment remains on track to hit a projected 6.9% by the end of this year, Premier Alden McLaughlin has said.

COVID-19: At least 34 million jobs lost in Latin America, Caribbean

The UN’s International Labour Organization said at least 34 million jobs have been lost in Latin America and the Caribbean as a result of the coronavirus pandemic.

OECD unemployment falls

Unemployment in developed countries remains above pre-COVID 19 levels, but in Organisation for Economic Co-operation and Development countries, jobless rates fell on average to...

Inside the ESO’s economic assessment and stimulus plan

The Economics and Statistics Office has this week released its COVID-19 Economic Impact Assessment and Stimulus Plan that is informing government policy on tackling the economic fallout from the pandemic. Finance Minister Roy McTaggart outlined the key findings of the report at the end of May, stating that the economy might contract by 12.2%, with nearly 10,000 jobs lost, including almost 3,000 Caymanian employees.

1,350 sign up as jobseekers

Just over 1,350 jobseekers had registered with government's new employment portal by 1 June, government officials said Friday.

Unemployment rate drops to 2.8%; lowest rate since 2006

Estimates from the Fall 2018 Labour Force Survey show that the unemployment rate has fallen to 2.8%, the lowest rate since the second half of 2006, when it stood at 2.6%. Caymanian unemployment has fallen to 4.6%, which is also the lowest it has been since 2006 when it bottomed out at 3.6%.

EDITORIAL – A clear picture of a thriving economy

The governor's observations about Cayman's workforce were clearly intended to be positive and unifying. They should not have been controversial.

EDITORIAL – Keeping government out of Cayman’s employment business

Attempting to coerce companies into hiring employees based on anything other than their individual merit threatens to stifle or destroy the economic prosperity upon which we all rely and, incidentally, the foundation upon which Cayman’s “economic miracle” was built.
An aerial view of the business area of downtown George Town, Grand Cayman

Unemployment rate creeps up during 2017

Cayman’s overall unemployment rate increased nearly a full percentage point between fall 2016 and fall 2017, government statistics released last Thursday revealed.

Premier: Crackdown coming for business staffing plans, job ads

Cayman Islands Premier Alden McLaughlin has promised stricter enforcement against local businesses’ hiring and promotion practices that are designed to skirt immigration rules.

Unemployment answer

Today's editorial cartoon

EDITORIAL – The difference between statistics and the truth

It is said that numbers don’t lie, but they certainly can equivocate. We were reminded of that last week by two stories that appeared in the Compass, one about the George Town Landfill and one about unemployment figures.
An aerial view of the business area of downtown George Town, Grand Cayman

Unemployment rate stabilizes at 4.1 percent

Fewer Caymanians were jobless during the first half of this year, according to the government’s Economics and Statistics Office Labour Force Survey for spring 2017.
Cayman’s overall unemployment rate fell in spring 2015 to 4.2 percent.

Government: Pension changes to improve local employment

The Cayman Islands government expects that a combination of greater demand for labor along with changes to private sector pension rules will reduce Caymanian unemployment during 2017/18.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Labor force survey begins on March 5

Interviewers from the Economics and Statistics Office will be visiting households throughout the Cayman Islands over the next month, beginning Sunday, March 5, as part of a labor force survey. The survey seeks to collect data on employed and unemployed people.

Nearly 600 get Christmas cleanup work

About 22 percent fewer people have been registered for the Cayman Islands government’s Christmas cleanup program this holiday season compared to the 2015 cleanup effort.

Job programs aim to get Cayman working

The Employment Ministry highlighted a number of new initiatives, including a partnership between the Further Education Centre and the Public Works Department to offer an apprenticeship to students at the school. An internship scheme has also been started for job-seekers signed up with the National Workforce Development Agency.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

55 find work through Ready2Work jobs program

A planned $1.7 million back-to work program for the unemployed has cost less than 5 percent of the amount budgeted after the majority of employers turned down government’s offer to pay salaries for risky new hires. Tasha Ebanks Garcia said the actual spending equated to $700 per person, roughly $80,000 in total.

The ‘quiet catastrophe’ of men choosing not to work

The work rate for adult men has plunged 13 percentage points in a half-century. This “work deficit” of “Great Depression-scale underutilization” of male potential workers is the subject of Nicholas Eberstadt’s new monograph “Men Without Work: America’s Invisible Crisis,” which explores the economic and moral causes and consequences of this.

Door-to-door employment survey to begin

Interviewers with the government’s Economics and Statistics Office are set to begin a new survey on employment in the Cayman Islands on Sunday. ESO workers plan to visit 1,401 randomly selected households across the islands over the next four weeks.

Minister: Unemployment lowest since 2007

The Cayman Islands government reported an overall unemployment rate of 3.9 percent during the spring, according to figures released Wednesday by the government Economics and Statistics Office.

Letter writer

EDITORIAL – One employer’s experience: The challenges of ‘hiring Caymanian’

Friday’s front page featured photos and a story on the 12th anniversary of the landfall of Category 5 Hurricane Ivan. That was the second-most...
Cayman’s overall unemployment rate fell in spring 2015 to 4.2 percent.

Government anticipates rise in unemployment

A recent precipitous drop in the Cayman Islands unemployment rate is not expected to continue this year, according to government’s own estimates.

EDITORIAL – Gov’t slanders Cayman’s professionals

Faced with a set of sobering facts they discovered themselves, Cayman Islands government officials resorted to Plan A: Deflect, spin and blame the media.

Report: Lack of skills, experience barriers to Caymanian employment

A government report on Caymanian unemployment found a lack of literacy and math skills, experience and knowledge were the primary reasons Caymanian applicants were not hired.

Data: Work permits up, unemployment down

A decade’s worth of data from the Immigration Department and the government statistics office examined by the Cayman Compass shows a clear link between the number of foreign workers on the islands and the unemployment rate.

Unemployment rate falls sharply

Cayman’s overall unemployment rate fell from 5.6 percent in spring 2015 to 4.2 percent in fall 2015, the government Office of Economics and Statistics reported Tuesday.

Minimum wage

EDITORIAL – The Chamber’s changing of the guard

Let us extend a welcoming hand to new Chamber of Commerce President Paul Pearson, and offer a congratulatory pat on the back to outgoing Chamber President Barry Bodden for a job well done.

Great deal

Cayman’s ‘underclass’

I was an attendee last week at the excellent Cayman Economic Outlook conference, the theme of which was “inequality.” While not typically one to...

Passport2Success program aims to help fight unemployment

Since Premier Alden McLaughlin called out the “unacceptably high rate” of Caymanian unemployment in his New Year’s message, leaders have been trying to come...

EDITORIAL – Ready2Work: Government’s latest ‘freebie’

We give the government credit for creativity, but we are skeptical that the newly announced “Ready2Work KY” program will succeed in addressing Caymanian unemployment. Premier...

Cayman’s economic ‘underclass’ topic of conference panel

Panelists at the Cayman Economic Outlook conference Tuesday agreed that there is an “underclass” developing in the territory and that more needs to be...

Government to pay wages in back-to-work project

Government will pay up to the first six months’ salary for new workers taken on by private businesses in a new back-to-work scheme for...

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