Tuesday, March 14, 2017

Jobless rate 4.5% in 3Q

The estimated unemployment rate for the third quarter 2016 has been 4.5 percent in the third quarter, Census and Statistics Department Director General Dr. A.J. Satharasinghe said.

He said the estimated employed population is about 8 million for this quarter, of which, about 46.1 percent are engaged in the Services sector, 27.1 percent in Agriculture sector and 26.8 percent in Industry sector.

The highest employment share is in service sector and this pattern is same for both male and female.

Also the survey reveals that 68.0 percent of the employed population works more than 40 hours per week.

During the reference period persons who did not work and looking for work and taken actions to find a job during last four weeks and ready to accept a job given a work opportunity within next two weeks are said to be unemployed.

Sri Lanka Labour Force Survey (LFS) has been designed to measure levels and trends of employment, unemployment and labour force in Sri Lanka. This survey has been conducted quarterly, since the first quarter of 1990.

The working age for Sri Lanka is defined as age 15 years and above. The total working age population who are employed or unemployed during the reference week is identified as the economically active population or labour force.

The estimated economically active population is about 8.4 million in the third quarter 2016, of which 63.5 percent are males and 36.5 percent are females. 

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