Office of Statistics begins this week’s quarterly Workforce Survey
Kaieteur News – The Quarterly Labor Force Survey (LFS) conducted by the Office of Statistics
Unemployment: 2019 fourth quarter and 2020 first quarter.
begins this Thursday January 7. The survey serving to measure Guyana’s labor market was launched in 2018 under the previous administration. The coalition government had cooperated with the Office of Statistics, the Inter-American Development Bank (IDB) and other local and international stakeholders.
The initiative also receives technical support from Sistemas Integrales Limited and the International Labor Organization. When it was launched it was stated that they would be able to track Guyana’s labor market dynamics quarterly with the survey.
Those surveyed are usually males and females aged 15 and over from households in each region. The last LFS took place in the first quarter of 2020 and the Bureau has indicated that it hopes to review the cooperation of those selected.
Youth Unemployment: 2019 fourth quarter and 2020 first quarter.
It was reported that accountants from the Bureau will visit a select proportion of households and the data obtained from the surveys will be used to strengthen decision making as it relates to training and education needs. In addition, it was noted that a home can also be visited twice a year.
It was highlighted that the main objectives of the LFS are to collect the data which seeks to examine unemployment levels within the economically active population of Guyana, the composition of the country’s labor force based on demographics such as education, gender and others and things that support or cause job creation. and destruction of jobs.
Findings from the last LFS identified a few things as it related to underemployment and unemployment. Under-employment that typically works less than 30 hours a week was recorded at 3.9 percent in the first quarter of 2020 which was an increase from the 3.5 percent recorded in the fourth quarter of 2019.
As it relates to unemployment, the unemployment rate for the first quarter of 2020 was 12.8 percent lower than the 13.4 percent recorded in the fourth quarter of 2019.
The rural unemployed population represented the vast majority of unemployed for the first quarter of 2020 and the female unemployment rate was higher than that
Unemployment: 2019 fourth quarter and 2020 first quarter.
the men. The youth unemployment rate in the first quarter of 2020 was recorded at 30.2 percent, which is higher compared to the 29.7 percent recorded in the fourth quarter of 2019.