PIOJ Growth-Inducement Strategy - Planning Institute of Jamaica

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April January April July October January April July October January April July October January April July October January April July October January April 4.3 Decline in Employment Levels: The total Employed Labour Force amounted to 1,087,900 persons in April 2010, down from a peak of 1,174,500 in October 2008 (see Figure 3). FIGURE 3: TOTAL EMPLOYED LABOUR FORCE 1,200,000 1,180,000 1,160,000 1,140,000 1,120,000 1,100,000 1,080,000 1,060,000 1,040,000 1,020,000 1,000,000 980,000 2004 2005 2006 2007 2008 2009 2010 4.3.1 Pre-Global-Crisis Impact: Prior to the impact of the crisis on the economy, most industries recorded growth in employment. Between April 2004 and October 2008 an estimated 119,900 jobs were added. The industries registering employment growth in excess of 10,000 persons during the period were Agriculture, Hunting, Forestry & Fishing; Education; Real Estate, Renting & Business Activities; and Wholesale & Retail, Repair of Motor Vehicle, Cycle, Personal & Household Goods. The industries showing estimated job losses were Private Households with Employed Persons; Manufacturing; and Industry Not Specified (Table C1). 87
Table 6.1. Employed Labour Force by Industry Group, April 2004 –October 2008 Industries Apr-04 Oct-08 Jobs Gained/Lost Agriculture, Hunting, Forestry & Fishing 196,200 223,600 27,400 Education 48,800 72,200 23,400 Real Estate, Renting & Business Activities 39,400 54,700 15,300 Wholesale & Retail, Repair of Motor Vehicle, Cycle, Personal & Household Goods 204,800 219,500 14,700 Health & Social Work 23,900 33,600 9,700 Public Administration & Defence; Compulsory Social Security 43,500 52,900 9,400 Hotels & Restaurants Services 70,300 78,600 8,300 Financial Intermediation 13,500 21,600 8,100 Transport, Storage and Communication 76,500 84,200 7,700 Other Community, Social and Personal Service Activities 53,400 58,400 5,000 Mining & Quarrying 5,500 9,300 3,800 Electricity, Gas and Water Supply 6,500 9,100 2,600 Construction and Installation 105,300 105,700 400 Industry Not Specified (Incl. Extra-Territorial Bodies) 6,700 6,400 -300 Manufacturing 86,100 81,100 -5,000 Private Households with Employed Persons 74,200 63,600 -10,600 Total Employed Labour Force 1,054,600 1,174,500 119,900 Source: Statistical Institute of Jamaica 4.3.2 Post-Crisis Impact: Comparing the latest employment figures (April 2010) to the last time growth was recorded in employment (October 2008) (see Figure 2) it is seen that a cumulative 86,600 jobs were lost (Table C2). This reflects declines mainly in: I. Wholesale & Retail, Repair of Motor Vehicle, Cycle, Personal & Household Goods which stemmed from the decline in purchasing power II. Construction & Installation associated with the completion of significant construction projects in an earlier period and decline in purchasing power over the period III. Transport, Storage & Communication which was highly impacted by the fall-out in the Mining & Quarrying industry due to the closure of alumina plants. Also a gloomy economic environment both internationally and locally led to reduced air traffic which had an impact on persons in that subindustry. 88
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i A GROWTH-INDUCEMENT STRATEGY FOR
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To the many ordinary Jamaicans who
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Preface The Jamaican economy has ex
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for making a determined start on th
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the private sector groups, listed b
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Citibank N.A. Jamaica Branch Grace
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need for “additional fiscal space
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Chapter 2 ________________ Summary
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1.0 The Economic Situation Today 1.
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expected to provide an essential an
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Table 2.1. The Policy Framework: A
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programme of social inclusion that
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Strategic Focus Table 2.2. Growth S
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6.0 Short-Term Growth Stimulus 6.1
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decline of 2.0 - 2.2 percentage poi
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Table 2A.2. NWA Projects To be Fast
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Table 2A.5. Community Renewal Proje
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Table 2B.3. Impact of Repairing Far
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Appendix 2C Methodology of the Grow
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Part I _________ Overview 28
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2.0 Vision 2030 Jamaica Before delv
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3.0 May 2010 Security Event and Aft
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the longer than anticipated global
Page 47 and 48: April July October January April Ju
Page 49 and 50: Three industries recorded increases
Page 51 and 52: 9.0 Proposals for Growth-Stimulus I
Page 53 and 54: targeted economic and social infras
Page 55 and 56: partnering with government to disco
Page 57 and 58: 3.0 Growth Inducement Strategy The
Page 59 and 60: Growth-Inducement Strategy Alignmen
Page 61 and 62: 50 Part II _________ Situational An
Page 63 and 64: inadequate provision of public infr
Page 65 and 66: 2.0 Macroeconomic Assessment 2.1 In
Page 67 and 68: Increased global oil consumption wa
Page 69 and 70: $4,742.0 million and $688.4 million
Page 71 and 72: Non -Traditional Domestic Exports E
Page 73 and 74: negative impact of the Jamaica Debt
Page 75 and 76: ethanol and paint, whereas lower de
Page 77 and 78: Analysis of preliminary GCT data re
Page 79 and 80: The number of ship calls to the isl
Page 81 and 82: industry was, however, estimated to
Page 83 and 84: 4.0 Projected Performance 4.1 Calen
Page 85 and 86: increased marketing and extension s
Page 87 and 88: Electricity & Water For FY 2010/11,
Page 89 and 90: J$ Million Figure 5.1. Private Sect
Page 91 and 92: 2011/12). These extreme weather eve
Page 93 and 94: Chapter 6 ________________ Assessme
Page 95 and 96: creates allocative inefficiencies,
Page 97: Million $ Per cent Jun-10 Mar-10 De
Page 101 and 102: J$ million Mar-10 Dec-09 Sep-09 Jun
Page 103 and 104: FIGURE 7: GROSS NATIONAL SAVINGS RA
Page 105 and 106: 4.10.2. However, the extent of the
Page 107 and 108: Part III ____________ Analytical Fr
Page 109 and 110: functional relationship between the
Page 111 and 112: It follows that: (5) s = I/Y = [S -
Page 113 and 114: However, the existence of measureme
Page 115 and 116: (d) v* = Y*/K* This is a measure of
Page 117 and 118: in Chapter 8. The mutual interactio
Page 119 and 120: Transforming the complex set of str
Page 121 and 122: Appendix 7A A Methodological Note T
Page 123 and 124: Chapter 8 ____________________ Asse
Page 125 and 126: The DBI focuses more narrowly on qu
Page 127 and 128: to ask, is it possible to predict g
Page 129 and 130: can be made to serve a very useful
Page 131 and 132: For further elaboration of the cons
Page 133 and 134: progressive Jamaica-based firms and
Page 135 and 136: Table 8.2. Jamaica: Doing Business,
Page 137 and 138: Table 8.4. Global Competitiveness I
Page 139 and 140: Table 8.5 (continued) Rank Indicato
Page 141 and 142: Rank* Constraint Table 8.7 Business
Page 143 and 144: Chapter 9 ___________________ Inter
Page 145 and 146: 3.0 The Burdens of LAC’s Logistic
Page 147 and 148: conditions. These combined with a p
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Figure 9.4. Proportion of Primary A
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6.0 Logistics are Essential for Tou
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7.0 Fundamental Steps Forward for J
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Part IV ________________ Policies a
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Current Status: Cabinet by decision
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e more than compensated for by the
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B ____________________ Eliminating
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Commercial Bank loan rates have als
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5.0 Expected Outcomes These measure
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capital, mainly in the form of equi
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oth local and overseas (including t
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Table C.1. Proposed Implementation
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Locally, the Scientific Research Co
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Develop formal and informal links t
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D ____________________ Business Pro
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5.0 Recommendations Based on the ma
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2.5 Coexistent with the levels of u
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industry as well as provide funding
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Table E.2. Unemployed Labour Force
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indirect losses experienced when th
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Table F.1 (continued) Area Type of
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G ____________________ Community Re
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Figure G.1 Community Renewal Progra
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Table G.1 Priority Initiatives Obje
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Table G.2 Phased Implementation Pla
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H ____________________ Proposed Wes
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3.0 Transparency Guarantees By desi
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and Coordinating Unit (PCMU) was es
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therefore need to have sanctioned o
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Figure I.1. Functions of National P
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The rationalisation was guided by t
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deliver services in an efficient an
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efurbishing to allow for accommodat
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Part V _______________ Panelists’
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With the benefit of hindsight, some
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ight. Where we as a society fail is
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and exclusion of the majority of th
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the elders, youth, children. What f
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C __________________ Enhancing Nati
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Figure C.1. National resilience is
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