by Elizabeth Boggs Davidsen & Siobhan Pangerl More than one-quarter of the world’s 7.3 billion people are between the ages of 10 and 24, according to a recent UN Population Fund Report. That means there are more than 1.8 billion youth—a historic high—who are actively looking for a job or will be soon. For the most part, developing countries are on the receiving end of this … [Read more...] about No skills = no jobs: Building the skillsets of unemployed youth in the Caribbean
Many times, we hear the saying: “youth are the future”. They certainly are… but what type of future can we offer to the 22 million youth who are currently out of school and out of work in Latin America and the Caribbean? Even though many young people have studied hard and received some kind of job training, they do not always find a good job. Maybe this … [Read more...] about Skills Needed: Training Young People for Real Jobs
by CCB Caribbean Economics Team CCB’s Caribbean Economics Team is pleased to send the tenth Issue of the Caribbean Region Quarterly Bulletin. Are output changes and the unemployment rate related in Trinidad and Tobago? According to the economic theory known as Okun's Law, the two variables should be negatively correlated, and for the United States this relation holds quite … [Read more...] about Unemployment and Growth: Does Okun’s Law Apply to Trinidad and Tobago?
Figure 1: Misery Index for Caribbean Countries Average 2010-2012 Sources: Own calculations from WDI. Of the many associations one would make with the Caribbean, misery is probably not the most typical one. However, if we are to trust the Misery Index, all is not well in paradise. The Misery Index is simply the sum of unemployment and inflation, the idea being that it’s not good … [Read more...] about Stop Being Miserable