LU2: Combined rate of time-related underemployment and unemployment in CARICOM
CARICOM: LU2: Combined rate of time-related underemployment and unemployment was 19.5 in 2027. ▼ Falling
LU2: Combined rate of time-related underemployment and unemployment in CARICOM, 2005–2027
Source: International Labour Organization.
Analysis
CARICOM recorded 19.5 for lu2: combined rate of time-related underemployment and unemployment in 2027.
The figure is up 0.1% on the previous year and down 1.5% over ten years.
Over the whole period, lu2: combined rate of time-related underemployment and unemployment in CARICOM peaked at 21.66 in 2020 and was at its lowest, 18.89, in 2023.
CARICOM ranks 7th of 87 groups on this measure, in the top 10%.
The long-run direction has been consistently falling across the 23 years of available data.
LU2: Combined rate of time-related underemployment and unemployment in CARICOM, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 20.07 | — |
| 2006 | 20.53 | +2.3% |
| 2007 | 21.02 | +2.4% |
| 2008 | 20.64 | -1.8% |
| 2009 | 20.79 | +0.7% |
| 2010 | 20.69 | -0.4% |
| 2011 | 20.32 | -1.8% |
| 2012 | 20.27 | -0.2% |
| 2013 | 20.18 | -0.4% |
| 2014 | 20.07 | -0.5% |
| 2015 | 19.9 | -0.9% |
| 2016 | 20.09 | +1.0% |
| 2017 | 19.81 | -1.4% |
| 2018 | 19.56 | -1.2% |
| 2019 | 19.32 | -1.2% |
| 2020 | 21.66 | +12.1% |
| 2021 | 20.72 | -4.3% |
| 2022 | 19.46 | -6.1% |
| 2023 | 18.89 | -2.9% |
| 2024 | 19.02 | +0.7% |
| 2025 | 19.31 | +1.5% |
| 2026 | 19.48 | +0.9% |
| 2027 | 19.5 | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.61 | 20.07 | 21.02 | 5 |
| 2010s | 20.02 | 19.32 | 20.69 | 10 |
| 2020s | 19.76 | 18.89 | 21.66 | 8 |
Countries ranked near CARICOM
More work & labour data for CARICOM
- Labour force (ILO modelled estimates) 9,122 (2027)
- Labour force participation rate (ILO modelled estimates) 63.66 (2027)
- Persons outside the labour force (ILO modelled estimates) 5,208 (2027)
- Unemployment rate (ILO modelled estimates) 11.26 (2027)
- Employment-to-population ratio (ILO modelled estimates) 56.49 (2027)
- Output per worker, GDP constant 2015 US $ 16,073 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 31,291 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.41 % change on previous year (2027)
- Labour dependency ratio 1.4 (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 1.1 % change on previous year (2027)
Frequently asked questions
- What is lu2: combined rate of time-related underemployment and unemployment in CARICOM?
- Lu2: combined rate of time-related underemployment and unemployment in CARICOM was 19.5 in 2027, according to International Labour Organization.
- What is the highest lu2: combined rate of time-related underemployment and unemployment recorded in CARICOM?
- The highest recorded value was 21.66 in 2020.
- What is the lowest lu2: combined rate of time-related underemployment and unemployment recorded in CARICOM?
- The lowest recorded value was 18.89 in 2023.
- How does CARICOM rank for lu2: combined rate of time-related underemployment and unemployment?
- CARICOM ranks 7th out of 87 groups with data for 2027.
- Is lu2: combined rate of time-related underemployment and unemployment rising or falling in CARICOM?
- Over the last ten years it is down 1.5%. The long-run trend across the full record is falling.
- Where does this CARICOM data come from?
- The figures come from International Labour Organization, published as part of LU2: Combined rate of time-related underemployment and unemployment (ILO modelled estimates) (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. LU2 represents the share of the labour force that are either in unemployment or time-related underemployment. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.