REVIEW OF THE ECONOMY 2013
34
SUSTAINING GROWTH, SECURING PROSPERITY
Figure 8:
Distribution of Unemployed Persons
by Age Group (2012)
Source: Central Statistical Office
In terms of gender, unemployment among
males decreased from 4.6 percent in the second
quarter of fiscal 2012, to 4.2 percent in the third
quarter of fiscal 2012. Similarly, unemployment
among females decreased from 6.6 percent to
5.8 percent during the review period.
LABOUR FORCE / JOB CREATION
The number of employed persons increased to
596,800 in the third quarter of fiscal 2012 from
589,600 in the previous quarter. Likewise, the
total labour force expanded during the third
quarter to 627,300 persons from 623,500
persons. The participation rate
5
remained
unchanged at 61.8 percent during the six-month
period to June 2012
(Appendix 12)
.
The number of persons with jobs increased in
the third quarter of fiscal 2012 due to higher
employment levels across a wide cross-section
of the country’s industries, namely: Community,
Social and Personal Services (6,800 persons);
Transport, Storage and Communication (3,800
persons); Electricity and Water (600 persons);
Construction (500 persons); and Other Mining
and Quarrying (200 persons). However,
employment levels fell in: Other Agriculture,
5
The participation rate is the proportion of the non-institu-
tional population, aged 15 years and over that is part of (or
‘participates’ in) the labour force.
Forestry, Hunting and Fishing (2,700 persons);
Finance, Insurance, Real Estate and Business
Services (1,900 persons); Petroleum and Gas
(1,200 persons); Wholesale and Retail Trade,
Restaurants and Hotels (300 persons); and
Other Manufacturing (excluding sugar and oil)
(300 persons).
Males accounted for approximately 58.3 percent
(348,100persons) of all personswith jobs during
the third quarter of fiscal 2012, whilst females
accounted for 41.7 percent (248,700 persons).
Females continued to be employed primarily
in Community, Social and Personal Services
(114,000 persons); Wholesale and Retail Trade,
Restaurants and Hotels (62,600 persons);
Finance, Insurance, Real Estate and Business
Services (27,900 persons); Construction
(13,100 persons); and Other Manufacturing
(excluding sugar and oil) (12,200 persons).
THE REAL ECONOMY
