Financial Market Brief 20 May 2016
The second economic priority for the Government of the Bahamas is to create an environment that will result in a substantial reduction in the country’s structurally high unemployment rate. Structural unemployment is a form of longer-lasting unemployment where, “at a given wage, the quantity of labour supplied exceeds the quantity of labour demanded because there is a fundamental mismatch between the number of people who want to work and the number of jobs that are available. The unemployed worker may also lack the skills needed for the job.” Unemployment is one of the key economic challenges facing the Bahamas. This high rate of unemployment creates a series of problems for the Government’s budget, as funds which could otherwise be allocated to productive use, must now be redirected to an increasing number of social services programs. Weekly_Market_Recap_20__May-2016 Click here for full Weekly Market Recap

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