Unemployment Rate for the Bahamas, The

Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The statistic "Unemployment Rate" stands at 8.46 percent as of 12/31/2024, the lowest value since 12/31/2009.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.18 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.18.
The 3 year change in percentage points is -2.57.
The 5 year change in percentage points is -0.873.
The 10 year change in percentage points is -5.34.

The Serie's long term average value is 10.85 percent. It's latest available value, on 12/31/2024, is 2.39 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2001, to it's latest available value, on 12/31/2024, is +1.59.
The Serie's change in percentage points from it's maximum value, on 12/31/2013, to it's latest available value, on 12/31/2024, is -7.72.