Sri Lanka unemployment lower in 2Q, but industry jobs fall: survey

Nov 08, 2010 (LBO) – Sri Lanka’s unemployment fell to 5.4 percent of jobseekers in the second quarter of 2010, down from a peak of 6.2 percent a year earlier, but there was fall in industrial workers.

Compared to the first quarter of 2010, unemployment rose from 5.0 percent. In the first quarter farming employment was higher at 2,600,463 persons, industry was 1,911,428 and services 3,213,861.

The survey conducted by the statistics office includes Sri Lanka’s Eastern province, but excludes the Northern Province of Sri Lanka, which emerged from a 30-year war in the second quarter of 2009.

Compared to the first quarter unemployment was up from a trough of 5.0 percent.

In absolute numbers the unemployed fell to 437,000 in the second quarter of 2010 from 496,000 a year earlier.

Those employed in farming rose 56,478 to 2,439,391 persons, which was 32 percent out of a total of 7,613,267 employed. The farming share rose slightly from 31.9 percent a year earlier.

But industrial workers fell 118,689 to 1,795,204 in the second quarter of 2010, with the share falling to 23.6 percent from 25.6 percent.

Services workers rose 210,440 to 3,378,672 persons in the second quarter, f