Continued increase in employment of women will bring multiplier effect
The continued increase in employment of women by the wholesale and retail, repair of motor vehicles and equipment sector will create the multiplier effect of more growth for the economy, State Minister in the Ministry of Finance and the Public Service, Fayval Williams has said.
Data from the latest Labour Force Survey conducted by the Statistical Institute of Jamaica (STATIN) in April 2017 showed female employment within the wholesale and retail, repair of motor vehicle and equipment sector stood at 119,700 in April 2017 up from 117,100 females employed in 2016.
Overall, the wholesale and retail, repair of motor vehicle and equipment sector continued to be the largest employer of persons, employing 230,800 in April 2017 up from 226,300 in April 2016.
Speaking to the economic impact of female employment Williams noted the continued trend will translate to not only to improved economic standing for these women, but also their families.
"The effect of these new jobs is that the economy will eventually see growth in so many other areas as these women turn over the money that they earn through community-based savings plans such as partners as well through business ventures that they will set up," Williams said.
She continued: "Our local women are very resourceful and will no doubt find a way to multiply their earnings to improve themselves and their families."
Employment for females increased from 509,300 persons in April 2016 to 534,400 in April 2017. This translated to an additional 25,100 jobs or 70 per cent of the total jobs created for this comparison period.
Overall, the Survey showed that the occupational group 'professionals, senior officials and technicians' had the largest increase in the number of persons employed, an increase of 7.4 per cent or 18,200 persons. In addition, employment of males increased by 10,700 or 1.6 per cent between April 2016 and April 2017.
The industry group 'agriculture, hunting, forestry and fishing' was the largest employer of males with 160,300 employed in April 2017 up from 157,200 males who were employed in April 2016 .
There was also growth in the number of persons employed in the 'service workers and shop and market sales workers group'. For this group, the employment figure, increased by 7,800 or 2.9 per cent moving from 267,600 in April 2016 to 275,400 in April 2017.
The largest percentage increase in employment, however, was seen in the industry group 'real estate, renting and business activities' which increased by
12.8 per cent or 9,700 persons moving from 75,900 in April 2016 to 85,600 in April 2017.
The Survey also showed that the total labour force stood at 1,371,600 persons for the review period. This is an increase of 17,700 or 1.3 per cent compared with 1,353,900 in April 2016.
"The growth in the Labour Force is an indication of increased optimism as persons are considering that their job prospects are better and are continuing to enter the Labour Force to look for jobs," Williams also noted.