Unemployment In The Bahamas Case Study

Register to read the introduction… Today in the Bahamas more people are getting laid off and many businesses are closing due to the economic crisis. Neil Hartnell affirms that “The Bahamas unemployment rate has increase to second place in the Caribbean region”. The Department of Statistics confirms that the 2009 Labour Force Survey show that the unemployment rates continue to increase from 2008. Furthermore, these people either lay off or the place employment closes down. Current statistics shows that the unemployment rate in 2007 is 8.7%, 2008 is 8.7%and 2009 is 12.1%. This is a major increase and is still increasing today. As the economic crisis increase more Bahamians may end up losing their jobs and more businesses may cease. In the last two years more than 500 hundred Bahamians lost their job. Recently Our Lucaya Resort in Grand Bahama lay off 200 workers. This a major threat to the Bahamas. Unemployment has been linked to crimes. Many that lost their job can resort to crimes such as house breaking, stealing, drug trafficking and even murder. Throughout the economic recession crimes extremely increase. Even the tourist will not be safe in the safe in the Bahamas and there goes the tourism industry. This would tarnish the Bahamas as the most dangerous island in the Caribbean or even put the Bahamas beyond the poverty line. Picture the Bahamas without tourist! In addition this would also affect the college students. There would be no jobs for those that are coming out of college. Especially for those that opt for employment at private sectors such as hotels, and others. Those businesses are more likely to downsize their staff when business is lacking in comparison to Government employment. Last year ZNS news interviewed many law students about the future plans after college. Some could not answer and some said they realised that when they graduate from college there is great change that they would not get a job. Last …show more content…
Instead of pointing fingers and blaming the government for these crisis, everyone should put their heads together with the government to health resolve these situations. As the saying goes “two heads are better than one”. Bahamians can make a big difference if they really try. The impact of these issues can give rise to lifelong struggle and can leave a damaging imprint on the Bahamas. As crime increases in the Bahamas Tourism Industry will immediately decrease. The government should implement ways to help decrease crimes in the Bahamian society. Furthermore, the government needs to create another major industry such as farming instead of depending on tourism. With the downfall of the global economy majority countries are impacted. The Bahamas excelled in the highest rate of crimes, unemployment and sexual abuse in the Caribbean region per capita, Bahamians do not let Bahamas graduate with