Tuesday, October 2, 2012

Mauritius unemployment rate rises to 8.2 pct

PORT LOUIS (Reuters) - The unemployment rate in Mauritius rose to 8.2 percent in the second quarter, its highest level since early 2011 and up from 8.0 percent in the first three months of this year, official data showed on Monday.

A weak global economy has reduced demand for tourism on the Indianc Ocean island as well as its exports.

Statistics Mauuritius said there were a total of 48,900 unemployed in the second quarter compared with 46,200 a year ago. The government is expecting unemployment to rise to 8.0 percent this year from 7.9 percent in 2011.

Last month Statistics Mauritius cut its 2012 economic growth forecast for the third time this year, to 3.2 percent from 3.5 percent in June, citing bleaker outlook for key economic sectors.

Source: http://news.yahoo.com/mauritius-unemployment-rate-rises-8-2-pct-074609001--business.html

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