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Haiti - Economy : Jobs in Haiti down by -3.1% 27/01/2019 09:02:51
No sector is spared, the public sector is the most affected with an annual decline of 3.9%. EI level of the NGO and International Organizations (IO) sector of 1.1% and the private sector 0.7% The decline of the EI in the public sector for the fourth quarter of fiscal year 2018 is caused directly by the drop recorded in its component "Public Administration" which records a between July - September 2017 and July - September 2018, a decrease of 4.3%. For its part, the EI of the NGO sector and the IOs, after three consecutive quarters of slowdown, finally regressed. The year-on-year NGO EI decreased by 0.8% while the EI of the IOs decreased by 33.3% year-on-year. For a second consecutive quarter, the secondary sector suffered a fall, followed this time by the tertiary sector, which is also experiencing a decline. Secondary sector EI drops 4.3% year-over-year. The Tertiary Employment Index shows a negative annual variation of 3.0%. All components of the secondary sector posted downward trends. The Emploiement Index in the Buildings and Public Works sector, which fell by 7.7% and the Industry Index by 5.0%, contributed significantly to the 4.3% drop in the sector. The negative annual variation of 0.4% in the Electricity and Water business strengthens the downward trend. As for the tertiary sector, the fall of its EI of 3.0% is caused by the observed decline of the Non-Merchant Services and Financial Institutions branches. The Employment Index level of the Non-Merchant Services division decreased by 4.1%. The Financial Institutions branch fell by 0.6% for the same period. However, the negative annual variation of the sector is mitigated by the good performance of the branches that maintain positive year-on-year growth such as : Transport and Communications (6.7%), Other Merchant Services (4.6%) and Commerce, Restaurants and Hotels (3.1%) %). Learn more about the Employment Index : The Employment Index provides information on changes in employment in public and private institutions during the reference quarter. It is a simple index, calculated as the ratio of the total workforce for the current quarter to the base quarter. EI is obtained from a sample of leading institutions representing different sectors of the country (public, private, ISBL, etc...) Note that the evolution of employment in these institutions is monitored quarterly and calculated from data from administrative sources provided by employers, EI can not provide information on the level of unemployment in the economy. It is only a trend indicator that gives an idea of the evolution of employment, especially in the formal sector. HL/ HaitiLibre
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