Unemployment Rate in Jamaica decreased to 8.40 percent in the third quarter of 2018 from 9.70 percent in the second quarter of 2018. Unemployment Rate in Jamaica averaged 13.39 percent from 1991 until 2018, reaching an all time high of 16.50 percent in the fourth quarter of 1997 and a record low of 8.40 percent in the third quarter of 2018.
Unemployment Rate in Jamaica is expected to be 8.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Jamaica to stand at 6.70 in 12 months time. In the long-term, the Jamaica Unemployment Rate is projected to trend around 6.30 percent in 2020, according to our econometric models.