Chamber response to latest unemployment figures
Wednesday 12 April 14:45
Government must support businesses to help grow the labour market.
The latest Actively Seeking Work figures for quarter show positive signs for the Jersey economy, as unemployment figures continue to fall and are at the lowest since June 2010. However, the most recent Business Tendency Survey, despite showing some growth, was relatively unchanged, with the labour market only growing by 3 percentage points.
In light of the current States initiative to reduce the number of new migrants and combined with the uncertainty surrounding a future migrant workforce, caused by the triggering of Article 50, the Jersey Chamber of Commerce would urge government to not heavily restrict the number of licenses allocated to businesses.
The President of the Jersey Chamber of Commerce, Kristina Le Feuvre, said: “It is vital that government provides stability for the local economy, especially during the period of uncertainty caused by the UK exiting the European Union. It is, therefore, imperative that businesses continue to have the flexibility to employ the right workforce to help maintain and grow their businesses.
“Yes unemployment is falling, which is great news for the island but the number of overall jobs available in Jersey remained relatively static in 2016. Growth in employment means growth in the economy and that can only be achieved by support and flexibility from government.”