Financial Market Brief 5 Aug 2016
The results of the recently released May 2016 Labour Force Survey shows signs of improvement in the Bahamas’ labour market. The rate of unemployment fell to 12.70% in May 2016, a decline of 3.50 percentage points, from its peak of 16.20% in May 2013. During this period of progress in the labour market, real GDP growth, on the other hand deteriorated from 0.01% in 2013 to -1.66% in 2015. Growth in GDP usually coincides with improvements in the labour market. Therefore, given the disparity between the unemployment rate and economic growth, recent news on the reduction in the national rate of unemployment should be considered with some caution. Weekly_Market_Recap_July_22_2016 Click here for full Weekly Market Recap

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