Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka Central Bank clarifies discrepancy in employment numbers in its Annual Reports
Mon, Nov 6, 2017, 09:32 am SL Time, ColomboPage News Desk, Sri Lanka.

Nov 06, Colombo: Sri Lanka's Central Bank responding to the media reports that refereed to the employment numbers reported in the Bank's Annual Reports of 2014, 2015 and 2016, has issued a clarification of the data.

According to the Central Bank, 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 Labor 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.

The Central Bank said this is the general practice in all other countries and it maintains the consistency of LFS estimates with the revised MYPE.

The Central Bank accommodated the details of the re-weighted LFS estimates including the "Number Employed" in its Annual Report 2016. A comparable series of LFS from 2013 onwards can be accessed in the Appendix Tables 56 and 57 of the CBSL Annual Report 2016 in addition to the details available in the DCS publications.

The LFS details, before re-weighting and after re-weighting, is presented below for the information of general public.

The Central Bank issued the clarification after the former Governor of Central Bank Ajith Nivard Cabraal questioned the Prime Minister Ranil Wickremesinghe's claim that 400,000 new jobs created within the two years of this government.

In an article to the Media former governor citing the employment numbers of the annual reports for the years 2014, 2015, and 2016 said the "authorities have revised previously-announced absolute numbers in an unprofessional and inexplicable manner to somehow show an increase in the number of jobs."


ColomboPage - Recent 10 Stories ::
Sri Lanka needs a national strategic defense plan - Field Marshal Fonseka
-- [7 hours ago]
Committee appointed to prevent recurrences of communal clashes
-- [8 hours ago]
Gintota unrest: 19 suspects remanded, curfew again today
-- [9 hours ago]
Sri Lanka to bring back asylum seekers detained in Australian offshore detention centers
-- [9 hours ago]
Freedom of expression should not be used harm social values, Sri Lanka telecommunication regulator warns
Sri Lanka's manufacturing and services sectors slow down in October 2017
Sri Lanka, UAE advancing bilateral relations in multiple domains
Sri Lanka Prime Minister says will pay off all debts during this government's time
Gintota under control, Law & Order Minister warns elements inciting communal violence
Selyn launches 'Sthri by Selyn' - an ethical fashion collective for women by women

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.