THIS IS THE FIRST TIME UNEMPLOYMENT HAS DECLINED TO SINGLE DIGITS IN OVER THREE DECADES.
The Saint Lucian job market is booming! In 2024, unemployment dropped to a historic low of 10.8% nationally.
Last year, Saint Lucia recorded its lowest-ever fourth-quarter unemployment rate of 8.8%. It was the first time unemployment declined to single digits in over three decades.
When Prime Minister Philip J. Pierre came to Office in July 2021, Saint Lucia was still reeling from its worst-ever economic decline - that year, unemployment averaged 21.9%.
Since then, the people-first policies of the Pierre administration have inspired one of the greatest economic resurgences in our nation’s history. These policies have cut down unemployment by over 11%, from 21.9% in 2021 to 10.8% in 2024.