Sri Lanka’s unemployment 4.2-pct in first quarter 2016

Sep 13, 2016 (LBO) – Sri Lanka’s unemployed is estimated as 349,686 during the first quarter 2016 and the unemployment rate was 4.2 percent, marginally down from the average 4.6 percent in 2015.

According to the latest data the estimated economically active population is about 8.3 million in the first quarter, of which 63.3 percent are males and 36.7 percent are females.

Out of the economically inactive population 24.2 percent are males and 75.8 percent are females.

Youth unemployment rate (age 15 – 24 years) corresponding to the first quarter 2016 is 21.5 percent and that reports the highest unemployment rate among all age groups. Further rates for both males and females are 19.0
and 25.9 percent respectively for age group 15—24.

The percentage distribution of employed population by main industry from first quarter 2015 to first
quarter 2016 show about 45.5 percent engaged in service sector, 26.0 percent in industries sector and 28.5 percent in agriculture sector.

Overall unemployment rate reported for females is 6.1 percent and it is 3.1 percent for males.

“When sampling is considered there are no statistically significant drops/increases of unemployment rates reported in different time periods starting from first quarter 2013 to First quarter 2016,” the state statistics office said.