Sri Lanka’s youth unemployment remains high
Jan 08, 2019 19:28 PM GMT+0530 | 3 Comment(s)
ECONOMYNEXT – Youth unemployment in Sri Lanka, which has suffered three insurgencies led by educated youth, remains high with almost one-fifth of those in the 15 – 24 year age group out of work, the latest labour force survey shows.
“Youth unemployment rate corresponding to the third quarter 2018 is 19.6 percent, the highest reported unemployment rate among all age groups,” the survey report by the Census and Statistics Department said.
The Labour Force Participation Rate (LFPR), tracking the labour force population - expressed as a percentage of the population aged 15 years and over – was 51.8 percent for the third quarter of 2018.
The overall unemployment rate was 4.1 percent.
The report said the overall unemployment rate for females was 6.6 percent and 2.8 percent for males.
But the unemployment rates for males and females for the 15—24 year age group was 16.0 percent and 26.1 percent.
“The unemployment among females is higher than that of males, in all age groups,” the report said.
“Youth and female unemployment contribute more to the overall unemployment of the country.”
The island suffered three youth insurgencies in 40 years in the 1971 – 2009 period, two in the south and one in the north, both still considered economically lagging regions.