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BAHAMAS: Economy adds over 2,000 ‘net’ new jobs in November ‘jobs report’

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#Nassau, January 22, 2019 – Bahamas – Preliminary results from the most recent Labour Force Survey shows 2,305 net new jobs were added to the Bahamian economy between May and November 2018.  While these gains are noteworthy, the rate of job growth is still not adequate to absorb the number of school leavers entering the labour market each year.  This accounted for a small increase in the overall unemployment rate from 10.0% to 10.7% in May of 2018. Notable, however, is that in the 18-month period since May of 2017 the economy added 10,400 net new jobs, largely in the private sector.

“Overall, we welcome news that the unemployment rate improved in Grand Bahama and Abaco, two of the largest population centres outside of New Providence.  The numbers of discouraged workers also decreased, pointing to greater confidence in economic prospects among job seekers.  But, our target is a level of growth that will reduce unemployment in a sustained way, and will be felt evenly across the country, so the work must continue and intensify,” said K. Peter Turnquest, Deputy Prime Minister and Minister of Finance.

“Our focus is on strengthening and expanding efforts to boost job growth, directly and indirectly, by investing in entrepreneurship, particularly for young Bahamians, as well as human resource development and other ways to stimulate growth in the private sector,” said Minister Turnquest.

Entrepreneurship

Shortly the government will announce a package of direct financing instruments to get capital into the hands of Bahamian entrepreneurs and small businesses.  This will allow for the creation of jobs and for opportunities for self-employment.  An element of this will be a grant program targeted specifically at young Bahamians from disadvantaged backgrounds.  These plans will give life to the government’s $25 million commitment to Bahamian entrepreneurship announced by the Prime Minister last year.

Human Resource Development

Over the extended term, the renewed emphasis on human resource development and training, as provided for by expanded scholarships for students at BTVI and UB, should build skills and improve their ability to capitalize on job opportunities and also to function successfully as self-employed persons.

Private Sector Growth

The Government’s ongoing initiatives to reinvigorate the Grand Bahama economy through the Commercial Enterprises Act should also serve to accelerate employment gains and bring these numbers down even further. The vision of Grand Bahama as the Tech Capital of The Bahamas has already started to take shape, based on the success of the Commercial Enterprises Act so far.  Just last week, a new technology company, Dev Digital, software developers, launched in Grand Bahama looking to hire between 15 and 20 persons.

Additionally, a number of tourism related projects are geared to come on stream throughout The Bahamas in the medium term – in Abaco, Eleuthera, Long Island, New Providence and elsewhere – that will further generate new permanent high quality jobs and significant entrepreneurial opportunities over the medium term.

Labour Force Report Summary – November 2018

Employment statistics are one of the key economic indicators the Government relies upon for evaluating the health of the Bahamian economy.

  1. The economy added 10,400 net new jobs in the 18-month period between May 2017 and November 2018, largely in the private sector. This includes 2,305 net new jobs added between May 2018 and November 2018, the latest reporting cycle.
  2. The unemployment rates in Grand Bahama and Abaco improved: Down from 12.4 to 11.9 percent in Grand Bahama; down from 10.7 to 7.7 percent in Abaco.
  3. The numbers of discouraged workers also decreased, pointing to greater confidence in economic prospects among job seekers.
  4. New Providence’s unemployment rate increased from 10.1% to 11.0%.
  5. The preliminary estimates for November 2018 point to an uptick in the unemployment rate, to 10.7% from 10.0% in May of 2018,
  6. Statistics indicate the rate of job growth is not adequate to absorb the growth of the labour force as school leavers join the labour market each year.
  7. More men (110,280) than women (100,280) were employed in the labour force
  8. The unemployment rate for women was 11.3% in November compared to 10.0% for men.
  9. Young women (aged 15-24) and core-aged women (aged 25 to 54) were more likely to be unemployed than their male counterparts.
  10. By contrast, men aged 55 years and over were slightly more likely to be unemployed compared with women in their same age cohort.

The “net” designation indicates a subtraction of the impact of job losses to the calculation to determine true growth or decline in the employment numbers.

 

Press Release: Central Communications Unit, Ministry of Finance

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Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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