The Tribune

By KHRISNA VIRGIL

Tribune Staff Reporter

kvirgil@tribunemedia.net

PRIME Minister Perry Christie yesterday said he was not in a position to comment on the latest unemployment figures because he had not seen the latest Labour Force Survey report since his return from China.

However, he said as soon as he has seen the report, which showed a rise in overall unemployment, he would speak in detail of the findings and the state of the economy.

This comes the day after FNM Leader Dr Hubert Minnis criticised the Christie administration, saying since it took office its failure to arrest social ills and stimulate economic activity has left the country on the “fast track to destruction”.

According to the Department of Statistics, unemployment rose from 14.3 per cent in May 2014 to 15.7 per cent as of November last year.

The report covers the period from October 27 to November 2, 2014. The previous survey completed before that was done in May 2014.

The survey said that the unemployment rate in New Providence jumped from 15 per cent to 16 per cent while in Grand Bahama it rose from 14.7 per cent to 18.6 per cent.

A survey in Abaco found its unemployment rate to rest at 20.3 per cent.

The survey results further show that youth, between 15 and 24, continue to face a considerably higher rate of unemployment than any other group. That group’s unemployment rate was 31 per cent, an increase of three per cent from the previous survey, when it was 28 per cent.

Dr Minnis said in response to the report: “This is nothing more than an administration of failure and lies that is intent on sending us down a road to destruction swiftly. They promised 10,000 jobs, but the rate has risen.

“Under this Christie-led government, everything appears to be rising. This includes crime, distrust in the government, the number of foreclosed homes, the number of people living without electricity, among other things.”

He added: “The only thing around here that has fallen is the purchasing power of the Bahamian dollar under this government. The bottom line is that this government must go.”

Dr Minnis said his party is in the process of crafting plans to arrest the unemployment situation, including assistance to small businesses and how it would best approach tax-free zones should they assume office following the 2017 general election.

The Labour Force Survey results also found that there has been a 22 per cent increase in the number of discouraged workers in New Providence. In Grand Bahama a 55 per cent decrease in its number of discouraged workers was seen, resulting in a net decrease overall.

Overall, the total number of people in the labour force was 201,040.

Although there was an increase in both the number of employed and unemployed people, the unemployment growth rate exceeded that of the employed, Department of Statistics Director Kelsie Dorsett said on Friday.

Ms Dorsett said Abaco’s relatively high unemployment rate may reflect the occasional seasonal nature of employment there and the existence of immigrant communities that have high unemployment rates.