The Davis Administration welcomes the latest unemployment report from the Bahamas National Statistical Institute.
The numbers show that more Bahamians are finding work and that the economy is continuing to move in a positive direction. Unemployment has dropped from 10.8 percent to 9.3 percent, and 3,455 more people were working between April and June. In total, 218,620 Bahamians now have jobs almost 4,000 more than the last quarter.
Many of these new jobs came from construction, retail, hospitality, and community services. This is the kind of growth people see every day when new buildings go up, hotels expand, and businesses get busier.
The report also shows something very important: the number of people who had given up looking for work has fallen by 64 percent. More Bahamians feel hopeful again and are confident enough to start job searching.
This good news follows other positive signs about our economy. International credit agencies have improved their outlook for The Bahamas, large investments are happening across the islands, and major upgrades to airports, roads, and utilities are creating even more job opportunities.
Across the country, the Government is pushing ahead with programmes focused on training, upskilling, small business support, and improvements to family island infrastructure. These efforts are helping people find work and creating pathways for Bahamians to build a better future.
While today’s numbers are encouraging, the Government understands that many families are still facing challenges. The Davis Administration remains committed to helping Bahamians through cost-of-living pressures and making sure opportunity reaches every island and every community.