Sri Lanka’s unemployment at 4.3-pct in 4Q 2015

Mar 31, 2016 (LBO) – Sri Lanka’s statistics office said unemployment rate for the fourth quarter of 2015 has been estimated as 4.3 percent against the 5.0 percent reported for the third quarter of 2015.

Releasing Sri Lanka’s Labour Force Survey results for the last quarter of 2015, Census and Statistics Department said estimated economically active population is about 8.9 million in the fourth quarter of which 64.5 percent are males and 35.5 percent are females.

Labour force participation rate for the fourth quarter is 53.6 percent and this is 75.4 percent for males and 35.2 percent for females.

Labour force population expressed as a percentage of the working age population (age 15 years and over) is the labour force participation rate.

The estimated employed population is about 8.6 million for this quarter, of which, about 47.2 percent engaged in Services sector, 27.5 percent in Agriculture sector and 25.3 percent in Industry sector.

Highest employment share is in service sector and this pattern is same for both male and female.

The lowest employment share is for industry sector. Also the survey reveals that about 68 percent of the employed population works more than 40 hours per week.

The Department has released labour force statistics of fourth quarter of 2015, based on a sample of 6250 housing units.

The field work of the survey for the fourth quarter was carried out in October, November and December of 2015 covering the whole country.

Read More: LFS Q4 Bulletin 2015