More jobs, economic growth continues
More Jamaicans are getting work and the economy continues to grow.
That is the assessment of the Planning Institute of Jamaica (PIOJ) which held a press conference on Wednesday at the agency’s Oxford Road offices in St. Andrew.
Dr. Wayne Henry, director general at the PIOJ, said the Jamaican economy remained on the growth path, expanding by 1.3 per cent during the October to December 2016 quarter, comparative to the same period of 2015.
He said the growth was driven by strong performance in agriculture, forestry and fishing, which saw 16 per cent expansion in economic activity.
At the same time, the total labour force for October 2016 increased by 30,100 persons to 1,355,500 persons compared with October 2015. The employed labour force increased by 34,000 to 1,180,800.
The unemployment rate for October 2016 was 12.9 per cent compared with 13.5 per cent in October 2015.