NEWS in brief

Published: Wednesday | December 18, 2013 Comments 0

JN small-business arm hosts breakfast in Clarendon

In an effort to assess the economic impact of microfinance on small-business operations in the parish of Clarendon, the Jamaica National Small Business Loans Limited (JNSBL) hosted its Annual Directors' Tour and Breakfast last week to highlight the achievements of small businesses in the parish.

"The JN Small Business Loans Limited remains committed to its mandate of contributing to the development of the country and the progression of our people by maintaining a focus on micro- and small-business development," said Philip Bernard, general manager of JNSBL.

He added that over the last 30 years, that mandate has been measured in the number and value of loans disbursed and the number of jobs created.

Gov't must develop active labour market - UWI lecturer

Senior lecturer at the UWI Open Campus and Head of the Hugh Lawson Shearer Trade Union Education Institute, Danny Roberts, said the Government must move quickly to develop active labour-market policies to reverse the existing situation where only five per cent of the total labour force has been exposed to on-the-job training and 23 per cent have certification in vocational and tertiary training.

Speaking at the PIOJ's Labour Market Forum on the topic 'The Importance of Labour Market Reform to National Development', on Monday, Roberts said the measures adopted in response to the global economic crisis "has had the most devastating effect on the country's labour market with unemployment rising from 9.8 per cent in 2008 to 15.4 per cent in 2013, the proliferation of precarious employment practices, widening income inequality, a growing number of working poor, falling aggregate demand, stagnation in wage growth and declining social protection as a result of labour-market segmentation".


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