In an estimated eight million employed persons in Sri Lanka, according to data, labor force participation (employable population includes those aged 15 and above) in the first quarter of 2023 was 49.9 percent. The unemployment rate in the first quarter of 2023 was 4.7 percent. In the second quarter of 2023, labor force participation was 48.6 while unemployment stood at 5.2. Between the first two quarters of 2023, there has been a 2.6 percent reduction in the country's labor force participation. In the first quarter of 2023, employment by economic activity stood at 26.7 percent for agriculture, 25.5 percent for industry, and 47.8 percent for services.
This data for the second quarter of 2023 stood at 25.7 percent for agriculture, 26.3 percent for industry, and 48.1 for services, recording a one percent decline in agriculture sector jobs but a marginal 0.8 percent increase in manufacturing sector employment and a 0.3 percent increase in services sector jobs. Declining jobs in the manufacturing sector, evident in 2022, show an increasing trend in the first two quarters of 2023. However, jobs in the agriculture sector, which had picked up towards the latter part of 2022, show declines in the first and second quarters of 2023. Jobs in the services sector have also picked up in the second quarter of 2023.
In the first quarter of 2022, the labor force participation rate was 51.2 percent, while unemployment was 4.3 percent. Employment in agriculture in the first quarter of 2022 was 25.0 percent, while employment in industry was 27.9 percent, and 47.1 percent was in services.
Diese Geschichte stammt aus der Business Today February 2024-Ausgabe von Business Today Sri Lanka.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der Business Today February 2024-Ausgabe von Business Today Sri Lanka.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Vision Care Expands Branch Network with New Wennappuwa City branch
Vision Care opened its newest branch in Wennappuwa, further expanding its network of accessible, top-quality vision care services across the country.
HNB Wins' Sri Lanka's Best Bank' and 'Sri Lanka's Best Bank for SMEs'
HNB was honored with the titles of 'Sri Lanka's Best Bank' and 'Sri Lanka's Best Bank for SMEs at the Euromoney Awards for Excellence 2024.
People's Bank 'People's Pay' App Now Offers Easy Access to CRIB 'My Report'
In the current fast-paced environment, the ability to promptly access vital information can greatly expedite financial transactions.
HNB Partners with John Keells CG Auto
HNB has strategically partnered with John Keells CG Auto (JKCG Auto) to offer innovative leasing solutions for their BYD vehicle range.
Pathfinder Foundation Presents Sinhala Translation of 'The India Way' to Dr. S. Jaishankar, External Affairs Minister of India
The Pathfinder Foundation presented the Sinhala translation of Dr. S. Jaishankar's seminal work, The India Way: Strategies for an Uncertain World, (ඉන්දීය. මාවත අවිනිශ්චිත ලෝකයක උපාය මාර්ග) to the visiting Indian External Affairs Minister during a ceremony in Colombo.
SLT-MOBITEL Nebula Institute of Technology recognized on Campus Chapter as the tenth IET
SLT-MOBITEL Institute Nebula of Technology, the education arm of SLTMOBITEL, has achieved a significant milestone by being recognized as the tenth IET on Campus Chapter.
People's Bank Relaunches Multiple Enhanced Services for Migrant Workers
People's Bank Celebrated World Children's Day by relaunching 'Ethera Udana Minors' Foreign Currency Account with new features.
EU Delegation Commits to Strengthen Sri Lanka-EU Relations, Extends Presidential Greetings from Key European Leaders
President Anura Kumara Dissanayake met with the European Union (EU) Delegation, led by EU Ambassador Carmen Moreno.
ADB Delegation Meets President Dissanayake, Pledges Continued Support for Sri Lanka's Economic Development
The Country Director of the Asian Development Bank (ADB) Resident Mission in Sri Lanka, Takafumi Kadono, along with a delegation, met with President Anura Kumara Dissanayake.
Sri Lanka Secures USD 200 Million from World Bank's IDA for Second Phase of RESET Program
The International Development Association (IDA) of the World Bank Group (WBG) has approved a USD 200 million financing package to support the second phase of Sri Lanka’s Resilience, Stability, and Economic Turnaround (RESET) Development Policy Financing (DPF) program.