Labour Market Forum 2010 - Planning Institute of Jamaica

Despite the aforementioned challenges to fiscal consolidation
reforms, the country is seeing some moderation in the
economic decline and some promise of a turn-around. In fact,
for the July 2010 report on the labour market, the economy
created 21,300 positive net jobs since the April 2010 report,
compared to 6,000 net jobs for the corresponding period of last
year, and 17,600 positive net jobs between the January and
July 2010 reporting periods, as compared to a loss of 9,200 net
jobs for the corresponding period of 2009.
In as much as these are steps in the right direction, for the
country to generate robust economic growth that will result in
sustained creation of job, a coordinated effort is needed that
involves a process in which everyone has an important role to
play.
Specifically, with interest rates declining and businesses are
having increased access to capital for productive purposes,
how does/should the Labour Market respond?
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