Unemployment Rate in Cayman Islands increased to 3.50 percent in 2019 from 2.80 percent in 2018.

Unemployment Rate in Cayman Islands averaged 4.70 percent from 1995 until 2019, reaching an all time high of 7.50 percent in 2001 and a record low of 2.60 percent in 2006. This page provides - Cayman Islands Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cayman Islands Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Unemployment Rate in Cayman Islands is expected to reach 6.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cayman Islands Unemployment Rate is projected to trend around 5.30 percent in 2021 and 4.90 percent in 2022, according to our econometric models.

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Cayman Islands Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.50 2.80 7.50 2.60 1995 - 2019 percent Yearly

Cayman Islands Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 2.80 7.50 2.60 percent [+]
Population 0.07 0.07 0.07 0.01 Million [+]
Unemployed Persons 1695.00 1291.00 2413.00 895.00 [+]
Employed Persons 47394.00 44887.00 47394.00 19370.00 [+]

Cayman Islands Unemployment Rate
In Cayman Islands, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.