Unemployment rate in Cabo Verde falls from 16.4 pct to 15.8 pct in 2014

25 March 2015

The unemployment rate in Cabo Verde (Cape Verde) decreased from 16.4 percent in 2013 to 15.8 percent in 2014, down six percentage points, announced the National Statistics Institute (INE).

According to INE, the labour force in Cape Verde, considering people older than 15, is 217,158 people, less than in 2013, of which 182,831 are employed, which is also lower than last year, and 34,327 are unemployed, which is fewer than two years ago.

The reason for all three drops, according to António Duarte, the president of INE, is the increase in the total number of people who are inactive, which includes individuals who did not seek employment or were not available to do so.

According to Duarte, the most affected age group is aged between 15 and 24, of which 35.8 percent are unemployed.

According to INE, underemployment continues to increase across the country, reaching 31 percent in 2014.

Cabo Verde has a population of over 500,000 people. (macauhub/CV)