The government missed the Superbond payment today. That bad news is accompanied by even more depressing news. The Statistical Institute of Belize’s recent survey regarding employment levels in the country shows that unemployment is at its highest in over a decade and that unemployment is highest among women.
The survey involved close to ten thousand respondents, two-thirds were of working age (fourteen years and over) and of that amount, sixty-five point six percent were either working or available to work. The remaining thirty-four point four percent were housewives, students and retirees who were no longer interested in working, and were therefore regarded as not being in the labor force.
The survey also found that, “Of the respondents who were of working age, three thousand five hundred and eighty-three persons were classified as employed and five hundred and ninety-eight as unemployed, yielding a national unemployment rate of fourteen point four percent. The female unemployment rate, twenty-two point three percent, continued to be more than twice the male unemployment rate; nine point one percent.
According to Statistical Institute of Belize records, these are the highest unemployment rates that Belize has experienced since April 1998.”