Unemployment Rate in Jamaica decreased to 10.70 percent in the fourth quarter of 2020 from 12.60 percent in the third quarter of 2020. source: Statistical Institute of Jamaica
Unemployment Rate in Jamaica averaged 12.73 percent from 1991 until 2020, reaching an all time high of 16.50 percent in the fourth quarter of 1997 and a record low of 7.20 percent in the fourth quarter of 2019. This page provides - Jamaica Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Unemployment Rate - values, historical data and charts - was last updated on May of 2021.
Unemployment Rate in Jamaica is expected to be 14.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Jamaica to stand at 13.80 in 12 months time. In the long-term, the Jamaica Unemployment Rate is projected to trend around 12.90 percent in 2022 and 11.00 percent in 2023, according to our econometric models.