SAINT KITTS AND NEVIS RECORDS GROWTH IN JOBS
Prime Minister Dr. the Honourable Timothy Harris told the nation at a press conference that St. Kitts and Nevis recorded solid job growth coupled with an increased in wages in 2015. According to statistics from the Social Security Department show that, for 2015, the average number of jobs stood at 24,333 and the country’s wages in 2015 ($72.27 million per month) represent one of the highest payroll figures on record and reflect a 7% increase over the wages paid in 2014 ($67.57 million per month).
Hotels and restaurants created four percent more jobs than in 2014, while construction was six percent higher. Employer registration for the period January to September 2015 was up in St. Kitts and Nevis. There are expectations for more improvement in the employment numbers. During an interview Minister of Tourism, Honourable Lindsay Grant, said several major projects in 2016 are expected to generate numerous work opportunities for locals.
Dr. Harris cited the April 2016 report by the United Nations Economic Commission for Latin America and the Caribbean, which reassessed it GDP (Gross Domestic Product) prediction for St Kitts and Nevis from 4.7% to 5.1%. This growth projection becomes more impressive when compared to the rest of Latin America and the Caribbean, whose GDP is expected to fall by 0.6%.