Guam’s Unemployment Rate Falls to 4% Compared to One Year Ago. 

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According to a release from the Office of the Governor, unemployment rates on the island are steadily declining, with numbers falling from 4.4% to 4% in December of last year. 

The current Unemployment Situation Report shows that the number of persons unemployed in December was only 2,900- a decrease of 2,290 from the previous year. 

Governor Lou Leon Guerrero said in a release “We have just finished the two strongest years of job growth in our island’s history, and we are seeing a transition to steady and stable growth. We still have work to do to bring down inflation and help the families most impacted by the cost of living, but we are moving in the right direction.”

Lt. Governor Josh Tenorio confirmed that there is a lot of work left, but that it’s a good time to be a worker in Guam. 

The December 2022 Unemployment Situation report and Current Employment Report are available online at bls.guam.gov.

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