WILLEMSTAD – The Central Bureau of Statistics (CBS) Curacao has held, for the first time, a Labor Force Survey (LFS) in Curaçao in the months of March / April 2016. The LFS is a yearly sample survey of households which has been carried out by the CBS since 1987 in the months of September and October with the aim to assess the latest developments in the labor market. These developments are in the area of unemployment, employment, the size of the working population and the size of the job seeking population.
First results LFS 2016-1:
The unemployment rate compared to 2015 (11.7%) remained virtually unchanged at 11.3% of the workforce in the first half of 2016. Youth unemployment (15-24 years) has decreased compared to 2015 from 29.7% to 26.3% in the first half of 2016.