Unemployment rate in Cape Verde totals 16.8 pct in 2012

29 April 2013

The rate of unemployment in Cape Verde increased from 12.7 percent in 2011 to 16.8 percent in 2012, a rise of 32.28 percent, according to a study issued Friday in the city of Praia by the archipelago’s National Statistics Institute (INE).

The results of the first module of the Continual Multi-objective Survey of Employment and the Job Market showed that the most affected council areas were São Vicente, where the rate of unemployment totals 28.9 percent, followed by the capital Praia (17.2 percent), São Domingos (Santiago, 16.6 percent) and Boavista (14.3 percent).

At the opposite end is the Mosteiros council area (Fogo island), where the rate of unemployment stands at just 1.5 percent.

Commenting on the figures, the Cape Verdean Minister for Tourism, Industry and Energy, Humberto Brito, said that the rise in unemployment was due to the international crisis, which is having a negative affect on the amount of investment in the country. (macauhub)