Unemployment levels highest in 15 years

Read storyAbout half the people unemployed in Grand Bahama lost their job in the last six months. In Nassau that number is about a third for the same time period.

As speculation about job loss grows, the Department of Statistics prepared a report ahead of its usual schedule. It showed that unemployment rose from 8.7% in May to 12.1% last month.

In Nassau that means 16,315 people of the 134,400-person workforce are without a job and 4,195 out of 28,820 in Grand Bahama.

The unemployment levels are the highest they have been since 1994.

The Nassau Guardian

Full Story in The Tribune here (Page A1)