Latest update March 27th, 2025 8:24 AM
Latest News
- Jamaica rebuffs Rubio push against Cuban doctors
- Canadian company to pay over US$3.8M to local titleholders to fully acquire second gold project in Guyana
- Over 140,000 displaced in a week in Gaza amid renewed Israeli attacks: UN
- Businessmen complain of foreign currency shortage
- PPP disrupts meeting with Mohamed and Berbice residents
Rising level of youth unemployment a major concern – CARICOM Sect’y Gen.
Ambassador Irwin LaRocque
“Of increasing concern in our Region, is the fact that even among those who successfully complete secondary and tertiary education and among those who have access to technology, many are unable to secure a decent job,” Secretary-General of the Caribbean Community (CARICOM) Ambassador Irwin LaRocque disclosed recently at the Opening of the Eighth Meeting of Caribbean Ministers of Labour.
He further said that the meeting comes at a time in the development of the Region, when focus is placed collectively on the state of CARICOM economies, in particular stymied economic growth and what seems to be a threatening future, adding that the Caribbean Community has witnessed, in some instances, erosion of the hard-fought economic gains which Member States have realised over time.
Ambassador LaRocque explained that among the circumstances that have contrived CARICOM to this position are the global financial and economic crises, the deleterious effects of natural disasters to which the Region is prone, and skill gaps in key sectors of economies.
“Of particular significance and concern is the rising level of youth unemployment which has in some instances contributed to the widening poverty gaps and rising levels of disenchantment, crime and insecurity,” he noted.
The Report of the CARICOM Commission on Youth Development highlighted the voices of youth who lamented this situation, and also pointed to the high economic cost of youth unemployment. The incidence of unemployment among the youth is higher than among the adult population.
In fact the data reveals that youth unemployment rates are substantially above the national averages across the Region. Indeed it is more than twice the adult rate.
A reduction in youth unemployment to the adult levels would contribute to growth of between one and two per cent in GDP among our Member States.
This situation points in part to a mismatch between the skills required for employment and entrepreneurship, and those being developed in the education and training systems.
The development of the Caribbean Vocational Qualification (CVQ), based as it is on occupational standards developed in conjunction with industry, is a step in the right direction and will render school leavers more readily employable.
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
The U.S. pressure on Venezuela may backfire on Guyana
Peeping Tom… Kaieteur News- The world is full of unintended consequences, those sly little gremlins that slip into... more
The Caribbean: Destined to Grin and Bear the Consequences of Its Self-Created Vulnerabilities?
By Sir Ronald Sanders For decades, many Caribbean nations have grappled with dependence on a small number of powerful countries... more
Weekend Cartoon
