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Unemployment down to 5.4 percent

Apr 6, 2010 8:00:00 PM - aussieindolanka.com
Despite the world economic recession, the Government was able to bring down the unemployment rate to 5.4 percent by the last quarter of 2009, Marketing Development, Co-operatives and Consumer Services Minister Bandula Gunawardena said. The Minister was quoting from a report issued by the Central Bank of Sri Lanka at a media briefing at the Government Information Department yesterday. He said 5.4 percent unemployment ratio is an outstanding achievement for any country. Even in developed countries the unemployment ratio is around five percent, the Minister added. The Government has opened several employment generating avenues. Accordingly more employment opportunities will be generated in naval, aviation, power, knowledge and trade and marketing sectors. The Government has drawn special attention on bringing down the unemployment rate of qualified and educated persons which is around 10 percent, Minister Gunawardena noted. Minister Gunawardena totally rejected Opposition allegations that the unemployment ratio in the country   www.dailynews.lk/2010/04/07/news01.asp