Unemployment improves in Q1 2022

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Sri Lanka’s unemployment rate has reduced to 4.3 per cent during the first quarter of this year, from 5.1 per cent a year ago as well as during the same quarter of 2020, according to the Department of Census and Statistics.

According to the statistics office 373,272 individuals were unemployed in the country during the first quarter of this year, which is 4.3 per cent of the economically active population.

As per the statistic’s three per cent of the economically active males and 6.5 per cent of females were without jobs.

During the first quarter of 2022 Sri Lanka had an economically active population of 8,761,803 individuals of which 64.6 per cent were males and 35.4 per cent were females.

Economically inactive population during the period under review stood at 8,343,337 individuals, of which 26.6 per cent were males and 73.4 per cent were females.

Out of the 8,388,531 employed population, more than 4,884,513 were working as employees, 226,907 were employers, 2,804,934 were own account workers and 472,176 were contributing family workers.

The department pointed out that Sri Lanka had a 1,253,145 population employed in the public sector.

Breaking down into industries, 25 per cent of the employed population worked in the Agricultural sector, down from 25.5 per cent recorded during the same quarter of last year, while industrial employees were 27.9 per cent, up from 27.9 per cent recorded a year ago and in the service sector it was 47.1 per cent, down from 47.3 per cent a year earlier.

Unemployment among women during the first quarter of this year has shown significant improvement with the rate declining to 6.5 per cent from a peck of 9.6 per cent during the same quarter of 2020.

Male unemployment has declined to three per cent during the first quarter of 2022.

According to the statistics unemployment among 15-24 years old and over 30 years has significantly higher than those in the age group of 24-29.

On educational qualification level, GCE Advanced Level and above qualified were among the highest unemployed, followed by below GCE Ordinary Level.

By Mario Andree