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Employment at All-Time High

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#Jamaica, August 17, 2017 – Kingston – More Jamaicans are now employed than at any other period in the country’s history.   Data from the Statistical Institute of Jamaica (STATIN) show that the number of persons securing employment peaked at a historic 1,204,800 in April 2017, which was 35,800 more than the 1,169,000 persons employed in April 2016.

The out-turn bettered the employment level of 1,187,000 in July 2016, when the country recorded the lowest unemployment figures in five years and the highest employment level for a single month since October 2008, when 1,174,500 persons had jobs.

Senior Technical Advisor at the Planning Institute of Jamaica (PIOJ), Rochelle Whyte, spoke to the continued improvement in the labour market outcomes at a recent forum hosted by the Ministry of Finance and the Public Service at The Knutsford Court Hotel in New Kingston.

STATIN data also showed that the unemployment rate fell by a further 1.5 per cent in April 2017 to 12.2 per cent relative to April 2016.   This translated into a reduction in the number of persons who were unemployed from 184,900 in April 2016 to 166,700 in April 2017.   These positive indications for the labour market are a significant improvement over the period October 2008 to July 2011 when more than 90,000 jobs were lost, stemming from the impact of the global economic crisis.

With respect to employment by industry, 11 of the 16 industries recorded higher levels of employment between April 2016 and April 2017.   Notable is Real Estate, Renting and Business Activities, which captures part of business process outsourcing, increasing by 9,700 to 85,600 persons.

Increases were recorded for Agriculture, Forestry and Fishing, up 6,700 to 211,500 persons; Wholesale and Retail Repair of Motor Vehicles and Equipment, up 4,500 to 230,800 persons; Transport, Storage & Communication, up 4,500  to 75,200 persons.   Of the total employed labour force, the number of males securing work moved from 659,700 to 670,400, while the number of employed females also increased from 512,400 to 534,400.

Mrs. Whyte is attributing the positive labour market trends to the ongoing implementation of economic reform measures by the Government.   She cited, among other things, business environment reforms; implementation of strategic investment projects; development of new industries; and a general improvement in Jamaica’s overall macroeconomic stability.

Mrs. Whyte said these out-turns now position Jamaica “above that pre-(financial) crisis level with respect to employment”.

She further argued that Jamaica’s economic fundamentals continue to improve consequent on ongoing implementation of economic reform measures by the Government.

In addition to the increasing employment levels, the positive economic out-turns are reflected in declining inflation that fell to a 50-year low of 1.7 per cent in 2016, bringing the figure closer to that of Jamaica’s main trading partners, such as the United States, and which the Government expects will range between four and six per cent for the 2017/18 fiscal year.   The debt to gross domestic product (GDP) ratio is also significantly lower.

Mrs. Whyte said these out-turns “augur well for our competitiveness and also protect the most vulnerable from reduced purchasing power”.   She noted that while the PIOJ forecasts medium-term growth ranging between two and three per cent, “if the Government can efficiently implement its strategic priorities and with support from the private sector, then the rate of growth can be above these baseline projections”.

Meanwhile, Principal Director for the Fiscal Monitoring Unit in the Finance Ministry, Trevor Anderson, concurred that the improved employment levels reflect ongoing improvements in the economy.

He also cited increasing net international reserves, slowed depreciation of the Jamaican dollar, accelerated growth at 1.3 per cent for the 2016/17 fiscal year, the latter of which he said “reflects the largest economic expansion since fiscal year 2007/08”.

Mr. Anderson further pointed to the positive impact of the fiscal governance policy to reducing the fiscal deficit and also the increase in the primary budgetary surplus as a percentage of GDP.

“These developments continue to positively impact business and consumer confidence, which have remained at very high levels. The Government, through prudent fiscal policy, is steadfastly committed to reducing the public debt, accelerating economic growth, and delivering a better quality of life for all Jamaicans,” he added.

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CARICOM Presses for Peace as Hormuz Conflict Drives Up Caribbean Costs 

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May 22, 2026 – The Caribbean Community is warning that the escalating conflict surrounding the Strait of Hormuz is now directly threatening Caribbean economies, driving up the cost of fuel, food and freight across a region heavily dependent on imports.

In a statement issued this week, CARICOM expressed “serious concern” over the worsening hostilities in the Middle East and the growing instability affecting one of the world’s most critical shipping corridors.

CARICOM said it is alarmed by: “the severe loss of life, threats to civil infrastructure, and the instability in global markets” resulting from the conflict.

The regional bloc warned that disruption in maritime transit through the Strait of Hormuz is reverberating across the global economy through: “energy markets, supply chains and increased freight costs.”

For Caribbean citizens, those consequences are already becoming painfully visible.

In Nassau, gasoline prices have surged again, with regular fuel now nearing or exceeding seven dollars per gallon at some stations. Consumers in other CARICOM countries are also reporting higher transportation costs, rising grocery bills and mounting pressure on household budgets.

The fear among regional leaders is that the crisis is far from over.

Roughly 20 percent of the world’s oil and liquefied natural gas normally passes through the Strait of Hormuz, making it one of the most strategically important waterways in global trade. Analysts warn prolonged disruption could trigger even higher global inflation and deeper supply chain instability.

The United Nations Food and Agriculture Organization has now warned that the crisis could become a: “systemic agrifood shock” capable of triggering a severe global food price crisis within six to twelve months.

The Caribbean is especially vulnerable because of its dependence on imported fuel, imported food and imported manufactured goods.

A recent UN regional analysis warned that shockwaves from the Middle East conflict are already reaching Caribbean nations, where rising oil prices and freight costs are increasing the price of imported food, electricity and transportation.

Global institutions are also sounding increasingly dire warnings.

The World Bank projects energy prices could surge by 24 percent this year because of the conflict, while fertilizer prices may jump by more than 30 percent — increases likely to feed directly into higher food costs worldwide.

The International Monetary Fund has meanwhile warned the global economy could face a “much worse outcome” if the conflict drags into 2027 and oil prices continue climbing.

CARICOM is now calling for all parties to respect international law and preserve safe passage through the Strait of Hormuz under the United Nations Convention on the Law of the Sea.

The Community stressed that transit passage:  “should not be contingent on any license, levy, or authorization,” and warned that bordering states should not “hamper or suspend” the movement of vessels through the corridor.

CARICOM also called for:  “cessation of hostilities” and urged “de-escalation and restraint by all parties.”

But for many Caribbean citizens, the economic pain is already here.

And with fuel nearing seven dollars per gallon in parts of The Bahamas, regional governments are facing renewed pressure over cost of living concerns, inflation and the Caribbean’s continued dependence on imported energy and food supplies.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Browne Wins Fourth Term in Antigua & Barbuda Landslide

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Antigua & Barbuda, May 4, 2026 – Prime Minister Gaston Browne has secured a historic fourth consecutive term in office, leading the Antigua and Barbuda Labour Party to a commanding victory in the country’s snap general election held April 30, 2026.

Preliminary results show Browne’s party capturing 15 of the 17 seats in Parliament, tightening its grip on power and dramatically weakening the opposition.

The main opposition United Progressive Party was reduced to just one seat, held by its leader, while the Barbuda People’s Movement retained its single constituency in Barbuda.

The result marks a major political turnaround for Browne, whose party had won a much narrower 9–7 majority in the 2023 election before rebuilding support through defections and by-elections.

Voter turnout figures vary in early reports, with initial estimates indicating participation of around 35.8 percent, or roughly 22,700 voters out of more than 63,000 registered. However, broader election data suggests overall turnout may have exceeded 60 percent, reflecting steady engagement despite political tensions.

The election, called nearly two years ahead of schedule, was shaped by concerns over the cost of living, global economic pressures and fallout from U.S. visa restrictions linked to the country’s citizenship-by-investment programme.

Despite those issues, Browne campaigned on economic stability and continued development, pointing to a strong tourism recovery and ongoing infrastructure expansion.

The decisive victory now strengthens his mandate, but also raises questions about the future of the opposition, which faces internal challenges after significant losses at the polls.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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FIGHT FOR CONTROL OF STEWART TOURISM EMPIRE PLAYS OUT IN COURTS

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May 4, 2026 – This is not just a family dispute.  It is a fight over control of a tourism empire.

At the centre is Adam Stewart, who has secured a series of legal victories across the region as challenges continue over the estate and leadership structure of Sandals Resorts International.

The multi-billion-dollar conglomerate was built by the late Gordon “Butch” Stewart, whose passing in 2021 set off a complex and ongoing dispute involving family members, estate arrangements and control of the business.

In recent rulings, courts in both The Bahamas and Jamaica have reinforced Adam Stewart’s position, effectively allowing him to continue leading the company while defending his role against legal challenges.

One key issue has centred on the interpretation of estate provisions, including whether defending his leadership could jeopardise his inheritance. The courts have ruled in his favour, clearing the way for him to maintain control without penalty.

For now, those decisions bring a measure of stability to one of the Caribbean’s most influential tourism brands.

But the matter is far from settled.

Multiple legal challenges and competing claims within the Stewart family remain active, meaning the future structure of the company is still being contested.

The implications stretch well beyond the courtroom.

Sandals operates across several Caribbean nations, including The Bahamas, Turks and Caicos Islands, Jamaica and Saint Lucia, making it a critical player in regional tourism, employment and investment.

Any uncertainty at the top of the organisation has the potential to ripple across economies that rely heavily on the brand’s continued expansion and stability.

For now, Adam Stewart remains firmly in charge.  He was named Executive Chairman of Sandals Resorts International in 2021.

Still, many are keen on the outcomes of ongoing litigation, as the battle over one of the Caribbean’s most powerful business empires is still unfolding.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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