Phillips: 100K Jobs Conditional

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Finance Minister, Dr. Peter Phillips, says Jamaica will have to continue on the path of fiscal discipline, in order for the PNP administration to deliver the 100,000 jobs promised over the next five years.

He was speaking at the International Monetary Fund, IMF’s quarterly press briefing last Friday.

Not only does the Finance Minister believe that figure to be doable over the next five years, he says that’s only a conservative estimate.

The Finance Minister is basing this projection on the number of jobs created since this PNP administration took office in January 2012.

Nationwide News checked those numbers against those published by the Statistical Institute of Jamaica, STATIN.

The first thing to note is that the PNP took office in January 2012, after winning the election on December 29, 2011.

According to STATIN, 10-thousand-600 jobs were created in the JLP’s last few months in office, between October and December 2011.

Under the current PNP administration, 48,000 jobs have been added to the economy between January 2012 and July 2015.

That’s nearly 16,000 fewer than Dr. Phillips is claiming credit for.

The September figures are not yet available.

However, it’s to be noted that according to STATIN’s data, some 18-thousand-400 jobs have been created in the April to July quarter alone.

Most of those jobs, over 11,000, were taken up by young people, aged 20 to 24.

Dr. Phillips says the administration can maintain this momentum, if it continues to run a tight fiscal ship.




One thought on “Phillips: 100K Jobs Conditional

  1. chikV2Ebola

    Mr.Phillips is picking out numbers out of a hat which is completely different from how businesses operates !

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