Guernsey unemployment total rises 15% in one year
- 25 September 2013
- From the section Guernsey
The number of people unemployed in Guernsey rose by 15% to 411 in the year to June.
The latest headline measure, published by the Policy Council earlier, represented a 46% increase on the figure for June, 2011.
This excludes those on government training schemes and those in part-time work who receive additional benefits.
Had they been included, as they were previously, the total figure would have seen an annual increase of 14% to 628.
Loss of LVCR
The Labour Market Bulletin also provided statistics gathered from a "snapshot" survey of claimants calling at the Social Security Department.
These showed that only 75 of the total of 411 (18%) had been unemployed for a year or more, while 172 (42%) had been claiming for less than three months.
The removal by the UK Treasury of Low Value Consignment Relief has been cited by several companies as a reason for reducing their workforces or leaving the island altogether.
However, the latest figures will not have taken into account the estimated 25 workers who lost their jobs in Guernsey due to the collapse of shipping firm Huelin-Renouf.
Finance remained the largest sector of employment in the island, with 6,629 (21%) of the total workforce of 32,105.