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LABOUR MARKET TRENDS AND PROSPECTS FOR EMPLOYMENT OPPORTUNITIES IN JAMAICA

LABOUR MARKET TRENDS AND PROSPECTS FOR EMPLOYMENT OPPORTUNITIES IN JAMAICA 2025

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The document titled 'Labour Market Trends and Prospects for Employment Opportunities in Jamaica' provides an analysis of the Jamaican labor market, focusing on employment trends, skills supply, and potential growth industries. It highlights key sectors such as Business Process Outsourcing (BPO), Tourism, Creative Industries, Construction, Manufacturing, Energy and Mining, Agriculture, Cyber Security, Robotics, and Gaming. The report emphasizes the importance of aligning educational outputs with labor market needs to enhance employment opportunities and economic growth in Jamaica.

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What is the biggest problem in Jamaica?

The inability to find a wage or salaried job (38.1 per cent) and the desire for greater independence (34.2 per cent) were the two main reasons cited.

What is the employment rate in Jamaica?

Jamaica Employment Rate RelatedLastUnit Employed Persons 141700.00 Employment Rate 96.50 percent Labor Force Participation Rate 68.10 percent Population 2.83 Million3 more rows

What is the main reason why the unemployment rate increases?

Consider a recession, a period of low economic activity. With lower demand for goods and services, firms start laying off workers and at the same time refrain from raising prices. So unemployment rises and inflation falls during recessions.

What are the current labor market trends?

Latest Numbers Consumer Price Index (CPI): +0.2% in Feb 2025. Unemployment Rate: 4.1% in Feb 2025. Payroll Employment: +151,000(p) in Feb 2025. Average Hourly Earnings: +$0.10(p) in Feb 2025. Producer Price Index - Final Demand: unchanged in Feb 2025. Employment Cost Index (ECI): Productivity: U.S. Import Price Index:

What is the main employment in Jamaica?

Services. Finance, tourism, and other services are huge components of the islands economy, providing about half of both the GDP and employment.

Why does Jamaica have a high unemployment rate?

Yet, job quality and inclusive employment in Jamaica are hindered by structural economic challenges, such as limited long-term growth, declining labor productivity, and a larger low-productivity segment compared to peer countries.

LABOUR MARKET TRENDS AND PROSPECTS FOR EMPLOYMENT OPPORTUNITIES IN JAMAICA 2025

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