Labour Force Survey results in 2014 and 2015
WILLEMSTAD - The Curaçao Central Bureau of Statistics (CBS) conducted a Labour Force Survey (LFS) in Curaçao in September / October of the year 2014 and again in 2015.
An innovation in the LFS is the introduction of a new method to collect the data. Since 2014, the CBS has switched from a paper data collection method to a digital form of data collection. This development was found to have several advantages, such as faster data collection, data with higher quality and faster processing. However, with every new technology, there is a need for careful evaluation and validation before the introduction. This was satisfactorily done in the years 2014 and 2015. Therefore, the results of the LFS, executed in 2014 and 2015, are now presented.
The LFS is a sample household survey that the CBS regularly performs with the aim to assess the latest developments in the labor market. There are developments in the unemployment rate, the participation rate, the size of the working population and the size of the job seeker population.
Key results LFS 2014 and 2015:
The population of Curaçao aged 15 and older increased by approximately 2000 people between October 2014 and October 2015. The results of the Labour Force Survey (AKO) in 2014 and 2015 show that this increase is related to the workforce. The labor force includes the (non-institutionalized) employed and unemployed people aged 15 and older.
The working age population of the island consisted of 67,850 persons in 2014 and rose by 2171 persons to a level of 70,021 people in 2015. This is an increase of 3.2%. The total employed population increased from 59,295 persons in 2014 to 61,823 people in 2015, while the total unemployed population decreased from 8555 persons in 2014 to 8198 persons in 2015. Consequently, the unemployment rate fell slightly from 12.6% in 2014 to 11, 7% in 2015. Both the increase in the labor force and the decline in unemployment was seen in both sexes.
In 2014 it was 54.8% of the working age population (15+ years) in Curacao available to do work (employment), while this figure was 55.7% in 2015. Employment rate is the ratio of labor force to the population aged 15 years and older.
The increase in the workforce was in terms of age, except for the age group 35-44 years, evident in all age groups. The largest percentage increase occurred in the age group 15-24 years and this increase was mainly due to an increase in the working population in this age group. Despite this, young people (15-24 years) have the highest unemployment rate (youth unemployment) in 2014 and 2015, 33.2% and 29.7% respectively. However, it should be noted that this age group also experienced the largest percentage decline in the unemployment rate between 2014 and 2015.
Of the working population in 2014 and 2015, most of them worked as a permanent worker, 62.5% and 62.1% respectively. The most frequently reported occupation among men was "Craftsmen" (19.7% in 2014 and 18.7% in 2015) and among women, "Service and sales workers (23.9% in 2014 and 23.9% in 2015). The majority of employees are working in the sectors: 'Wholesale and retail trade; repair of motor vehicles and motorcycles'; "Human health and social work '; and 'Accommodation and catering (catering).
Of the unemployed population, the majority of individuals who, in 2014 and 2015, were actively looking for a job have been unemployed for between one and 12 months, 43.8% and 50.2% respectively. However, a high percentage is unemployed for one year or more, 38.5% in 2014 and 44.5% in 2015.
The economically inactive population consisted mainly of retirees (47.0% in 2014 and 47.5% in 2015) and students (25.2% in 2014 and 23.8% in 2015) who wanted to complete their studies before entering the labor market.
Click on the link to download the Supply Side of the Labour Market of Curacao Labour Force Survey 2014-2015