HomeNewsPMO Saint Lucia shared data on decrease in unemployment rate

PMO Saint Lucia shared data on decrease in unemployment rate

Published on

spot_img

Saint Lucia: The office of the Prime Minister of Saint Lucia released data with a statement, stating 2023 to be among the best years for the nation in the sector of creating jobs for the youth under the leadership of PM Philip J Pierre.

It is mentioned by the officials of the PMO, that the data covers the performance of the island nation in the last sixteen years. In 2023, Saint Lucia observed a major increase in the hiring of candidates in different sectors leading to a decrease in the rate of unemployment by around fourteen percent overall in the country.

Advertisement

The vision of Prime Minister Philip J Pierre to make policies to bring the people forward in the process of building the nation has made a huge impact on the results that are being observed. The experts are expecting more such optimistic milestones to be achieved by the island nation.

The official expressed their optimism as the data of the quarterly unemployment rate area presented positive growth in the year 2023 as compared to the previous year of 2022. The steps of the government are bringing the confidence of the observers in the growing economy while connecting the people of the communities of the island with youth to new opportunities to make their lives better.

It has been noticed in the last few years since the serving prime minister, Philip J Pierre, came into power in 2021 after winning general elections, that Saint Lucia has seen a continuous decline in the rate of unemployment with constant growth through better policies.

Under the recent policies of the government, the small businessmen of the Micro, Small, and Medium Enterprise sectors, called MSME, got a firm backup and heavy investments for their growth.

Many facilities of the loan grant policies are also improved and restructured where some new mechanisms were introduced to smoother the process, which could lead the people and businesses to explore new and modern ways to survive and gain growth in the constantly changing market.

It is officially reported by the related authorities that in recent years local businesses on the island of Saint Lucia have gone through major growth while seeing a recovery from the losses made during the time of the coronavirus pandemic. The Chamber of Commerce, Industry, and Agriculture in Saint Lucia also validated the reports of an increase in the profitability in the national market.

Advertisement

Latest articles

Roosevelt Skerrit met President Vucic on official visit to Serbia

PM Roosevelt Skerrit of Dominica met with President Aleksandar Vucic of Serbia on Thursday during an official visit to Belgrade.

PM Skerrit represents Dominica in Our Ocean Conference

PM Roosevelt Skerrit represented Dominica in ninth Our Ocean Conference organised in Athens from 16 April to 17 April.

Neom Project Plans Sukuk Issuance to Fund Expansion Amid Growing Financial Concerns

With the goal of raising up to $1.3 billion through the sale of Islamic bonds, or sukuk, Neom is poised to navigate the intricate landscape of global finance to fuel its ambitious expansion plans

Major Flooding in UAE: Dubai Airport Turned Into a Lake, flights Cancelled

The bustling metropolis of Dubai, renowned as the Middle East's financial powerhouse, found itself submerged under the deluge, with its iconic airport forced to shut its doors amid the havoc

More like this

Roosevelt Skerrit met President Vucic on official visit to Serbia

PM Roosevelt Skerrit of Dominica met with President Aleksandar Vucic of Serbia on Thursday during an official visit to Belgrade.

PM Skerrit represents Dominica in Our Ocean Conference

PM Roosevelt Skerrit represented Dominica in ninth Our Ocean Conference organised in Athens from 16 April to 17 April.

Neom Project Plans Sukuk Issuance to Fund Expansion Amid Growing Financial Concerns

With the goal of raising up to $1.3 billion through the sale of Islamic bonds, or sukuk, Neom is poised to navigate the intricate landscape of global finance to fuel its ambitious expansion plans