GLOBAL TRENDS: St. Lucia’s unemployment rate may not improve anytime soon

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GLOBAL TRENDS: St. Lucia’s unemployment rate may not improve anytime soon

St. Lucia’s unemployment rate is yet to experience a major reduction at more than 22 percent. An estimated 17,000 young persons are said to be jobless. And the situation may not soon improve given the global trend.

The slow economic recovery is continuing to make it difficult for young people to find jobs around the world, according to the International Labour Organization (ILO).

In its Global Employment Trends for Youth 2013 report, the ILO estimates that 73.4 million young people, or 12. 6 per cent are expected to be out of work in 2013.

The agency says this is close to the levels reached at the peak of the global economic crisis in 2009.

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6 COMMENTS

  1. Don't get me wrong most young men in st Lucia can't wait to leave school to smoke weed and that makes them lazy by the time they sit by the road side and time pass them by

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    • Really. I know many young men you stay out of trouble and try and try and try to get jobs. I couldn't find a job after 5 years of being in this country after graduating with a degree. I never smoked weed or robbed anyone. My biggest regret is coming back to this god forsaken country. Advice to anyone who can make it elsewhere. DON'T COME BACK.

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      • This is worldwide...in the US there is underemployment and unemployment for those coming out with a degree. The Golden Age of the degree is dead. You must have the technical skills to get a job these days any and every where. It would be better to invest in something related to Healthcare, IT, or business. Mechanics are in high demand but not enough people go into these fields. Its no long what you want to do but what is available to do.

        The unemployment rate among young persons was higher than the rate among those aged between 25 and 74 in SPAIN....53.2%. ALL the EU is hurting bad. The US is worse. When the EU and the US has the flu St. Lucia gets pneumonia. Only Canada and Australia - of the English speaking countries - appear to weather the storm and even they are struggling to keep their nationalized healthcare running. The Scandi countries - Denmark etc - have surprisingly high unemployment and they suppose to be the model economies.

        China is also working to keep their dollar under attack and their growing middle class in check. Maybe we should refocus our attention and resources to get a new target market - visitors from China and South America- that's where all the investments are going to right now.

        The government in St. Lucia needs to start providing welfare -- pocket change essentially to those who have long term unemployment. That's how most of these countries are getting through this. Hence the VAT that everyone is complaining about. All I have to say is if you want to keep a civilized society going then you have to keep people happy some how including those unemployed.

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  2. It appear that the unemployment rate is been measured by the number of jobs create without considering jobs loss.

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  3. Don't Panic "If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land"

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