Nassau, Bahamas - The Department of statistics
releases the results of its Labour Force and Household Income Survey
which was conducted in November of last year. The survey provides information
on the labour force as it existed during the reference period of October
24 - October 30, 2011.
The results of the survey
indicate that since the last survey conducted in May of 2011, there
was a slight increase, less than one percent, in the size of the labour
force which now numbers 190,445 persons The number of women
declined by 1.4% while their counterpart increased by 1.8% accounting
for the overall minimal increase. This is reflected in the overall
participation rate which remained basically the same. The participation
rate for men increased marginally, 0.6 percentage points, while that
of women fell by 1.2 percentage points.
In New Providence the
number of persons in both the labour force and the employed labour force
was almost equally distributed among the sexes. In Grand
Bahama however, the traditional pattern prevailed; men outnumbered women
in both the labour force and the employed labour force and were fewer
in numbers among the unemployed.
The data show that there
was a noticeable decrease in the number of employed persons and an increase
in the number of unemployed persons resulting in the unemployment rate
increasing by 2.2 percentage points and thereby pushing the country’s
unemployment rate to 15.9% Both New Providence and Grand
Bahama experienced an increase in the unemployment rate with the rate
in New Providence being 15.1% and in Grand Bahama, 21.2%.
Of particular interest is the fact that the results of this survey show
that for the first time the unemployment rate for women was lower than
that of men. However, this difference is very small and when statistical
confidence test is applied is not significant but is mentioned for the
benefit of the user of the data.
The data from the survey
conducted in May of last year showed that a number of persons sought
means of making a livelihood by engaging in informal sector activities.
Results from the present survey suggest that a substantial number of
these persons were not successful in their operations and therefore
withdrew from the labour force or joined the ranks of the unemployed
and, in the case of the latter, has contributed to the 2.4% decline
in the number of employed persons. In addition to the reduction in the
number of persons engaged in the informal sector, which declined by
19%, there was also a decline in the number of self employed persons.
The latter accounted for 14% of the total employment in May but in November
their share was reduced to 12%. It appears as if some of these
individuals also withdrew from the labour force while others looked
for work.
The above activities
combined with the timing of the survey as it pertains to youths has
given rise to the increase in the unemployment rate. The
unemployment rate for youths increased to 34%. In May when
the earlier survey was conducted, most students about to graduate from
high school and university were unlikely a part of the labour force,
however, in November though some of them may have obtained jobs, others
were likely awaiting responses from their job applications, etc.
This is a trend that will be monitored now that the survey is a biannual
one.
New Providence experienced
a decline of 13% in the number of discouraged workers while the reverse
was the case in Grand Bahama where the numbers increased by 42%.
The Department takes
this opportunity to inform users and the general public that its one
time annual survey will now be taken twice a year, in May and November.
Please note that the May survey will be a comprehensive one which, in
addition to New Providence and Grand Bahama, will cover a sample of
the islands. This particular survey will also use a more detailed
questionnaire which would allow for the collection of data on the informal
sector, training and similar information.
The coverage of the November
survey will be restricted to New Providence and Grand Bahama with proxy
estimates made for the Family Islands. Additionally, a condensed
questionnaire will be used with the major focus being the measurement
of the labour force and the relevant indicators – participation rate,
unemployment rate, etc.
The results of the November survey will
be available immediately on the Department’s website
(statistics.bahamas.gov.bs)
and the final report will be completed and disseminated by the end of
March 2012.