First Look

G2K calls for urgent action to stem youth unemployment

G2K | 2013-02-08 00:00:00

In light of the newly released information from the Statistical Institute of Jamaica  (STATIN) indicating that Youth Unemployment as at October 2012 was up by 4.2 percentage points, when compared to October 2011, to 35.3 percentage points ,  Generation 2000 (G2K), the young professional affiliate of the Jamaica Labour Party (JLP), is calling for urgent action to stem the rise.

G2K President, Floyd Green says "It has long been accepted that JEEP won’t solve the unemployment crisis facing our young people. What, however, is patently clear is that our leaders are asleep at the wheel, unable to offer sustainable policy solutions for putting our young people to work".

The organisation noted that the country's youth unemployment rate for 2012, which has been averaging about 34 percentage points, has far surpassed the 12.6% Global Youth Unemployment Rate that was forecasted by the International Labour Organisation for 2012 and is also three times the youth unemployment rate of our regional partners Trinidad and Tobago, which stood at 10.5% as at July, 2012.
Generation 2000 is therefore calling upon the relevant Ministers of Youth, Industry and Education to urgently:

•    Create a proper apprenticeship framework for young people including an Agricultural Apprenticeship Programme.

•    Tailor the curricula to suit the needs of the labour market, including skills training in labour demand areas, incorporating an entrepreneurial component in secondary education and aligning tertiary education spend with national strategic goals.

•    Fast track the development of a regulatory mechanism to create a proper framework for Venture Capital Financing, to facilitate the transformation of our young people's ideas into viable businesses.  

•    Address concerns raised in the doing business report to make it easier for young entrepreneurs to establish their own business.

•    Engage our Young People in the Development of a Youth Employment Policy which can appropriately examine fiscal and other incentives that would encourage private sector organisations to increase their level of youth employment and create opportunities for youth in micro enterprises.

•    Provide JBDC with appropriate funding to provide Youth Specific Business Loans with requisite training components.


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