Labour Market Forum 2010 - Planning Institute of Jamaica
Labour Market Forum 2010 - Planning Institute of Jamaica
Labour Market Forum 2010 - Planning Institute of Jamaica
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As Minister <strong>of</strong> <strong>Labour</strong> with portfolio responsibilities for the labour<br />
market, I would like to express my interest and passion for<br />
creating new job opportunities and increasing productivity so<br />
that we can have an efficient and effective labour market in<br />
<strong>Jamaica</strong> despite the recessionary challenges.<br />
Ladies and Gentlemen, According to the International <strong>Labour</strong><br />
Office (ILO) report on Regional <strong>Labour</strong> <strong>Market</strong> developments,<br />
economic growth in the Developed Economies and the<br />
European Union fell to approximately 1.4 per cent in 2008, the<br />
lowest since 2002. On the other hand the unemployment rate in<br />
this group <strong>of</strong> economies increased from 0.7 per cent to 6.4 per<br />
cent in 2008 which by far, is the largest increase <strong>of</strong> all regions.<br />
It also revealed that Economic growth in 2008 slowed down in<br />
Latin America and the Caribbean to 4.5 per cent and is<br />
expected to decline further.<br />
It was based on these economic and social concerns that the<br />
ILO, Government, Employers and Workers from the ILO member<br />
States came together and adopted A Global Jobs Pact”.<br />
<strong>Jamaica</strong>, through the Ministry <strong>of</strong> <strong>Labour</strong> and Social Security in<br />
collaboration with the ILO Regional Office in Trinidad & Tobago,<br />
and I note the presence <strong>of</strong> Dr. Reynold Simons, the Senior<br />
Specialist, Employment and <strong>Labour</strong> <strong>Market</strong> Policies from that<br />
<strong>of</strong>fice, has developed a <strong>Jamaica</strong>’s Jobs Pact for Economic<br />
Recovery as part <strong>of</strong> the Decent Work country programme<br />
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