The unemployment rate has been at a low level of 3.3 percent or slightly higher, and has continued on a moderate improving trend, with the fluctuations smoothed out. The improving trend in the active job openings-to-applicants ratio has become evident recently, as seen in the fact that it recorded 1.21 in July, a high level since that in February 1992.
I want to conclude by expressing my appreciation and thanks for all those members of staff, past and present, of all ranks, and all of the board members, who have served the Bank of Uganda and devoted their careers to public service during the first 50 years of the Bank’s existence. Without your efforts, the Bank would not have achieved any of its successes.