October 27, 2021

Cayman Islands unemployment rate declined to 4.2% in fall 2015, the lowest since 2008

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From the Cayman Islands Ministry of Finance The overall unemployment rate in the Cayman Islands declined to 4.2 percent in Fall 2015 when compared to the 4.6 percent recorded in Fall 2014. The unemployment rate among Caymanians was recorded at 6.2 percent, which is also lower when compared to the 7.9 percent estimated in Fall […]

Global oil price reduction continued to cut Cayman Islands’ imports payments in the Second Quarter

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Total payments for imports by residents of the Cayman Islands continued its downward trend in the second quarter. The total value of all merchandise goods imported into the Cayman Islands amounted to CI$182.9 million, 9 percent lower compared the same period in 2014. “The decline reflects the sustained reduction in the value of petroleum and […]

Cayman Islands underemployment rate declined as unemployment rate inched up in Spring 2015

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The underemployment rate among residents fell in Spring 2015 to 2.5 percent from 2.9 percent in Fall 2014. The underemployed, which numbered 948 persons, are those with part-time work and were available and seeking for more work. However, the overall unemployment rate in the Cayman Islands was 5.6 percent in Spring 2015 as compared to […]

Cayman Islands finance minister announces growth and decline – both GOOD

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Cayman Islands domestic economy sustains growth in the first quarter The Cayman Islands economy is estimated to have grown by 1.4 percent in the first quarter. “This is slightly lower than the 1.5 percent recorded a year ago, nonetheless this is a solid pace considering that the US had a GDP decline in the same […]

Caribbean destinations encouraged to go after LGBT tourists

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From eTN Global Travel News Caribbean destinations encouraged to go after LGBT tourists BRIDGETOWN, Barbados – Some Caribbean destinations are being encouraged to go after the lesbian, gay, bisexual and transgender (LGBT) market while others are being advised to first determine if it is among their top three priority niches before allocating funds for outreach […]

Caribbean on high alert as bird flu wreaks havoc on poultry farms in North America

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From CARIBBEAN360 BRIDGETOWN, Barbados, Tuesday July 28, 2015 – Veterinary officers and stakeholders in the poultry sector in the Caribbean are on high alert and stepping up their preparedness to protect the industry as the deadly H5N1 virus – commonly referred to as bird flu – wreaks havoc on farms in North America, the region’s […]

Cayman Islands minister issues ESO interviewers with tablets

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From Economics and Statistics Office Upgraded Labour Force Survey starts October 5th The Minister for Finance and Economic Development, Hon. Marco Archer announced today that his Ministry is providing the Economics and Statistics Office (ESO) with additional resources starting this fiscal year to conduct two Labour Force Surveys (LFS) each year – in October and […]

Cayman Islands Financial Secretary’s role expands

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The Deputy Governor and Head of the Civil Service, Hon. Franz Manderson, Cert. Hon., JP, has announced the appointment of Financial Secretary Kenneth Jefferson, JP, as Chief Officer in the Ministry of Finance and Economic Development. Mr. Jefferson’s additional responsibilities follow the retirement earlier this year of Mrs. Sonia McLaughlin, who served as Deputy Financial […]