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JAMAICA: IMF Rep, Business Leaders Welcome Further Drop in Unemployment

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#Kingston, July 23, 2019 – Jamaica – International Monetary Fund (IMF) Resident Representative, Dr. Constant Lonkeng Ngouana, says the reduction in Jamaica’s unemployment rate to 7.8 per cent is a “tremendous achievement”.

Noting that the rate was approximately 16.3 per cent at the start of Jamaica’s current engagement with the organisation in May 2013, Dr. Ngouana contends that “more than halving this in six years is very significant”.  He was commenting on the results of the Statistical Institute of Jamaica (STATIN) April 2019 Labour Force Survey, which were outlined during the agency’s recent quarterly briefing at The Knutsford Court Hotel in New Kingston.

Richard Pandohie

STATIN reports that the 7.8 per cent out-turn is two percentage points lower than the 9.8 per cent recorded for the corresponding period last year, and 0.2 per cent lower than the January 2019 out-turn.

The number of unemployed persons as at April fell by 25,900, or 19.7 per cent, to 105,900 relative to 2018.

Correspondingly, the overall employed labour force increased by 29,900 persons or 2.5 per cent to 1,244,500, with the total labour force rising to 1,349,900 persons, some 4,000 more than 2018.

Dr. Ngouana argues that the level of reduction in unemployment recorded thus far “is not something that happens very often” in countries experiencing the extent of economic challenges Jamaica faced.

“The trend in the world has been that economies, after their crises, tend to have jobless recoveries,” he notes.

The IMF Rep says in Jamaica’s case, the opposite has been occurring, where, while growth may not yet be at the desired level, a significant number of jobs are being created. Meanwhile, there is heightening stakeholder anticipation of further reduction in unemployment.

Jamaica Employers’ Federation (JEF) President, David Wan, describes the latest figures as “very positive”, citing activities in construction and business process outsourcing (BPO) among the main drivers of job growth for the period.

“On the whole, it seems like it [unemployment reduction] will continue, because we keep hearing announcements of new projects coming on stream [particularly in] construction,” he tells JIS News, pointing to the potential for further job growth, particularly in tourism.

Mr. Wan is of the view that these and other engagements will dovetail into the economic growth figures, which rounded out at 1.7 per cent for the first quarter of the 2019 calendar year, between January and March, and 1.9 per cent for the 2018/19 fiscal year.     He says regularisation of the informal or “underground” economy will be a significant contributing factor to the out-turn for job and economic growth.

“The multilateral institutions have always said that there is a significant portion of the Jamaican economy that is not being reported because of underground activities. So I think it will contribute to the growth [of] jobs in particular. I believe job creation may be a better proxy for the growth of the economy than the gross domestic product (GDP) numbers,” the JEF President adds.

Newly elected Jamaica Manufacturers and Exporters’ Association (JMEA), Richard Pandohie, says further reduction in employment is cause for celebration.  He, too, points to the construction and BPO sectors as the main areas generating the growth in jobs and driving down unemployment.

“We have to laud more Jamaicans being put to work… that’s a good thing. What we have to ensure, however, is that we are creating a sustainable model for that because activities like construction won’t go on forever. So we have to make sure our people are being trained to take on more value-added jobs… we have to make sure we have a plan in place to move employees up the job value chain,’ Mr. Pandhoie adds.

Jamaica Chamber of Commerce Director, Warren McDonald, describes the latest unemployment figures as “encouraging” and in keeping with overall economic growth.

“I think the rate, at 7.8 per cent, is a big improvement… and is reflective of the confidence indices, which are still high and indicate that people are still willing to invest in Jamaica, thereby creating more jobs,” he tells JIS News.

Mr. McDonald argues that most persons and businesses would be “reasonably satisfied” with the latest out-turns in growth and job creation, with expectations of further improvements.

“I anticipate that economic growth will improve and unemployment to further decline, consequent on heightened activities in several sectors, including the construction and BPO sector,” he adds.

By Douglas McIntosh

Release: JIS 

Photo Captions: 

Header:Jamaica Employers’ Federation (JEF) President, David Wan.

Insert: Jamaica Manufacturers and Exporters’ Association (JMEA) President, Richard Pandohie.

Yhomo Hutchinson Photos

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JAMAICA A STEM ISLAND – PM

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KINGSTON, April 24 (JIS):

Prime Minister, the Most Hon. Andrew Holness, has declared Jamaica a science, technology, engineering and mathematics (STEM) island with a vision of fostering innovation, driving economic growth, and empowering citizens to thrive in the global knowledge economy. 

“Through our collaborative all-hands-on-deck approach, Government, private sector, academia and civil society, we will work towards this goal. Jamaica is now officially declared a STEM island,” he said.

 

Prime Minister Holness was addressing the Future Ready International Conference held at the University of Technology (UTech) in Kingston on April 24.

As a STEM island, he said that the Government will seek to implement comprehensive education reforms from the primary to the tertiary levels, with the objective of developing a skilled workforce, capable of competing in global markets. 

He said that ecosystems will be developed to encourage startups, entrepreneurs, and innovators in the STEM disciplines to drive industry and economic growth, as well as to address social issues.

“We will encourage the growth of STEM industries such as biotechnology, information technology and advanced manufacturing. We will also leverage STEM to grow and monetise the musical, artistic, cultural and other natural talents of our people. We will leverage STEM solutions to address environmental challenges including climate change, renewable energy and sustainable agriculture,” the Prime Minister said.

 “We will position Jamaica as a hub for STEM research, innovation, collaboration and other developments in the Caribbean and beyond,” he added. 

The Prime Minister said that by embracing STEM as a national priority, Jamaica will unlock its full potential driving prosperity, peace and productivity in a sustainable, equitable way for all our Jamaican citizens and, indeed, the world,” Holness said.

CONTACT: ROCHELLE WILLIAMS

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One Nation TCI Pageant to Launches this Weekend

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Dana Malcolm

Staff Writer 

“Founded on the principles of Unity, sisterhood and community service,” is how Alicia Swann, One Nation TCI Founder, and President, describes the organization as it gears up for its inaugural showing, to be marked by a pageant and parade of nations, family fun day and cultural show. 

When Magnetic Media spoke to Swann she explained the inspiration behind the name.

“The reason why we chose ‘One Nation’ was because we wanted to ensure that all of our beautiful ladies within the Turks and Caicos feel as if they are a part of our society. Speaking with the ladies I’ve gotten the opinion that a lot of them feel as if they are in our country but they don’t actually feel fully a part of it,” she explained. With constants whose heritages span the DR and TCI, TC-Trinidadians and more the contest is showcasing the rich and diverse culture of the country.

At least two contestants flew in from the UK and the US to participate in the pageant and the event is not just an array of pretty girls.

“We’ve taken the aspects of pageantry to another level, the young ladies have a platform  based on our pillars of the organization which include education and mental health,” Swann continued “We wanted to ensure that they understand the value and importance of  having a role and voice in society.”

The contestants were all allowed to choose an area to speak on and advocate for, and the President told Magnetic Media that so far the young women are taking the challenge seriously. There are 10 contestants overall, five in the ‘Miss’ category and five in the ‘Teen’ category.

The pageant is already receiving regional recognition as the eventual winner has been invited to take part in a regional pageant in St Kitts in August, a feat which Swann says she is extremely proud of. 

In addition to that event a cultural showing, family fun day and parade of nations will be held. 

“We will be honoring people from across the Turks and Caicos, out of every island, for their lifetime achievement in terms of giving back to their society. The persons being honoured are unsung heroes. They have been active in their communities in various roles and we felt the need to recognize all of them.” Swann explained.

The Founder didn’t share the names of those being honoured, preferring to leave it a surprise but did drop hints about who would be highlighted during the event; a smiling clinic nurse in South Caicos, a Grand Turk Taxi driver committed to the island’s development, a dedicated principal from North Caicos, a shipping pioneer from North Caicos as well and a creative founder from Providenciales.

“Our company is huge on ensuring that the community is involved and a part of doing that is ensuring that persons in the community are honoured,” the president said.

Several sponsors have stepped up to the plate including 

No monetary support has come from TCIG but endorsements from both Rachel Taylor, Minister of Education, and Josephine Connolly, Minister of Tourism, have been shared and the girls are currently undergoing intense training with a pageant coach in preparation for their big night.

Swann is hoping that once the community has a chance to see what One Nation TCI is doing they’ll understand the importance of the events, 

“We are a diverse culture and society and– we want people to understand the importance of diversity, supporting our young ladies and empowering them so they can see they have a role in the Turks and Caicos– The more we offer our young ladies [the more] we are able to retain that talent. Once they feel empowered the sky’s the limit.”

The Pageant and Crowning will be on the 25 and 26th of April while the parade and family fun day will be held on the 27th.

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Agriculture Ministry Providing Two Water Trucks to Serve St. Elizabeth and St. Catherine

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#Kingston, Jamaica, April 24, 2024 – The Ministry of Agriculture, Fisheries and Mining is to unveil two more water trucks this week, which will be used to service communities in St. Elizabeth and St. Catherine.

Portfolio Minister, Hon. Floyd Green, made the disclosure during Wednesday’s (April 24) post-Cabinet press briefing at Jamaica House.

He also informed that of the $90 million earmarked to support farmers being impacted by the current drought, the Ministry will be providing additional support for storage and drip-irrigation systems.

“So, we have targeted about 600 water tanks and about 400 12-millimetre drip irrigation hoses, and that distribution has already started. Additionally, we have earmarked about $8 million to really help with our livestock farmers,” Mr. Green said.

“We know the difficulty that you’re facing now in this time; [it’s] very hard to get the right nutritional support for your animals. As such, we will be providing some hay, and we will [also] provide some trucking of water to you. Again, our livestock farmers, if you are in need, please contact the Rural Agricultural Development Authority (RADA) and let us see how we can help in these times,” he further stated.

Mr. Green also encouraged farmers to download the RADA App, so that the Agency can “help guide you, not only in relation to what is happening on the rainfall side, but also in relation to your integrated pest management”.

“We do see some increases of certain types of pests during this time, and it’s important that our farmers are paying attention to that. It’s also important that you’re taking drought management seriously [by undertaking] soil mulching, looking at planting drought-tolerant crops, timely harvesting, implementing land husbandry treatments and contour ditches,” he stated.

Contact: Latonya Linton

Release: JIS

 

Photo Caption: Minister of Agriculture, Fisheries and Mining, Hon. Floyd Green, speaking during Wednesday’s (April 24) post-Cabinet press briefing at Jamaica House.

 

Donald De La Haye Photo

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