Clarification on Employment Numbers Referred to in the Central Bank Annual Reports

The Central Bank of Sri Lanka (CBSL) has observed media reports highlighting the employment numbers referred to in the CBSL Annual Reports of 2014, 2015 and 2016.

Subsequent to the Census of Population and Housing (CPH) 2012 conducted by the Department of Census and Statistics (DCS) covering the entire island, the Registrar General’s Department introduced changes to the Mid-Year Population Estimates (MYPE) and published a revised series. Accordingly, in July 2016, the Labour Force Survey (LFS) estimates were re-weighted by the DCS and a new series was published for data pertaining to the years from 2011 onwards. This is the general practice in all other countries and it maintains the consistency of LFS estimates with the revised MYPE.

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Published Date: 

Saturday, November 4, 2017