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Home > News > Realtime News
Unemployment rate up for a third straight month in August
Posted on 2025-09-23 08:11:14
The island's unemployment rate rose in August for the third straight month.

Data shows August's unemployment rate rose zero-point-zero-five percentage
points from a month earlier to stand ar 3.45-per cent.

After seasonal adjustments, the rate rose zero-point-zero-two percentage
points from July to stand at 3.35-per cent.

In the first eight months of this year, the unemployment rate averaged
3.35-per cent.

That was a decline of zero-point-zero-four percentage points from a year
earlier.

The government says although the latest unemployment rate was boosted by an
increase in first-time jobseekers, it is still the lowest in August for 25
years - and the graduation season effects are expected to decline this month.

However, officials are warning that if the rate bucks that expection in
September, that could mean the U-S tariff impact will become more apparent.

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