But more than 50% of the work force is unemployed. Where are the jobs? Guysicko?

Good news for Priya and dem lil picknees.

Guyana unemployment rate for 2019 was 11.85%, a 0.05% decline from 2018

Guyana unemployment rate for 2018 was 11.91%, a 0.14% decline from 2017.

Guyana unemployment rate for 2017 was 12.04%, a 0.01% decline from 2016.

Guyana unemployment rate for 2016 was 12.06%, a 0.05% increase from 2015.

Five Facts about Poverty in Guyana

1. The poverty rate is high. According to the Inter-Development Bank (IDB), the poverty rate in Guyana. measured as the percentage of people living on less than $5.50, reached 41.2% in 2017. The IDB has
   also shown that poverty disproportionately affects the country’s rural non-coastal areas where it amounts to more than 50%. The latter statistic denotes significant disparities in poverty concentration along ethnic lines since approximately two-thirds of the Guyanese population living in the rural interior communities are indigenous.
2. Children and young adults are greatly affected. In terms of age group, Guyanese children are the poorest. Children aged 16 or younger in Guyana are faced with a high poverty rate of 47.5%, while for young adults between the ages of 16 and 25, that figure exceeds 33%. This data is potentially indicative of the country’s troubled economic standing.
3. The emigration of trained or skilled people is problematic. The brain-drain of skilled workers in Guyana hinders necessary contributions to developments in various economic sectors such as healthcare. Guyana’s unemployment rate stands at 12%, while the percentage of unemployed youth exceeds 20%, according to a 2017 study. This factor makes it difficult to keep trained professionals in the country.
4. Environmental instability affects economic growth. An additional challenge against economic growth in Guyana is related to fluctuations in climate and weather conditions. In addition to gold, sugar and timber, the export of bauxite, shrimp and rice is also a major source of income to this Latin-American nation. Natural disasters such as floods, to which it is highly susceptible, have been responsible for nearly 94% of the negative impact on Guyana’s economy, according to a 2016 UNICEF study.
5. Malnutrition seriously affects the indigenous population. Statistics indicate that 25% of indigenous children are stunted, a figure much higher than the national average. It is also estimated that 16% of newborn indigenous children in Guyana are underweight (below 2500g at birth).

Although data shows that the moderate poverty rate (people living on $2 per day) had slightly declined, poverty in Guyana continues to cripple the country in vital areas, leaving much to be done to improve the situation. In spite of the country’s natural resources, Guyana does not meet its economic potential. To alleviate the long-term implications of poverty, it is imperative that poverty in Guyana continues to be a focal point of international aid and developmental endeavours.

– Oumaima Jaayfer

https://borgenproject.org/poverty-in-guyana-2/

@Mitwah posted:

But more than 50% of the work force is unemployed.

Thus far, reports have indicated that the unemployment rate is more than 50% of the work force in Guyana

@Former Member posted:

Thus far, reports have indicated that the unemployment rate is more than 50% of the work force in Guyana

That's because 100 would turn up at the job sites and a few would get hired for the day and the same would happen the next day and and another crew would be hired to replace the crew from the previous day. And the rotation continues... hence the bogus unemployment rate.

How does one reconcile the high poverty rate with unemployment rate of 11.81 % ?

Speculations and unrelated.

Guyana gets US$6.7M World Bank grant to improve learning in nursery, primary schools

By Editor - June 24, 2021, 0 , Source - https://www.guyanastandard.com...ery-primary-schools/

The World Bank has approved a US$6.7M grant from the Global Partnership for Education (GPE) for the Guyana Education Sector Programme Project.

Wow. Priya, Bharat and Irfan will be laughing all the way to the bank.

Yaaaay! New pool, New car, New printer tarasss.

@Former Member posted:

Speculations and unrelated.

So many university graduates, too few jobs

Dear Editor,
I read in most of the daily newspapers that the University of Guyana has once again produced over a thousand graduates for 2016 – 1628 to be exact. While this is indeed commendable, I was struck by one thought while reading; how many of these holders of degrees, diplomas and certificates will find meaningful employment where they will be able to utilise their new found academic prowess? I am sure many others are thinking the same thing.
Many will find themselves forced into “temporary” occupations in bars, stores and offices that can turn uncomfortably permanent, and this is a reality that we cannot hide from. These individuals must have asked themselves why they bothered writing dissertations and studying for years, just so they can run up a large “debt” – in reality many have not cleared their student loans and many have borrowed to do just that so that they may be able to graduate. I know of at least one dozen such young people in this very position who graduated less than two years ago and who are still struggling to find meaningful employment. Some may argue, “at least it pays the bills right?” This reality does not bode well for current University students.
Guyana simple does not generate sufficient hi-tech, high-income jobs. Traditional graduate occupations in the public sector – teaching is the outstanding example – are hardly booming, given unattractive salaries. In the private sector, the usual professional routes are often also difficult to crack – as it is a matter of who you know.  From veterinary practice, to journalism, the supply of willing graduates often exceeds the ability of the professions to absorb them. Exceptions, such as some fields of engineering or IT, merely prove the point that demand and supply are badly out of equilibrium.
That said, some new-wave jobs, such as the archetypal entrepreneur in a digital start-up, are there for the taking by the motivated graduate. This is not as fanciful as it sounds: Bill Gates (Microsoft), Mark Zuckerberg (Facebook), Michael Dell (Dell Computers), Steve Jobs (Apple), Evan Williams and Jack Dorsey (Twitter) didn’t even finish their degree courses. Few of them must worry about “what might have been” if they’d got that degree. So the fact that graduates are not always going into the sort of jobs their parents went into – often with big corporate “lifetime” employers – may not be quite as distressing as it first appears.
As for entrepreneurship, I can also list about a dozen names of graduates who were looking for the next ‘big thing’ and who ended up investing in businesses only to have it fail in the first few months. Not for lack of trying, but owing to a struggling economy, where disposable income has dwindled.
The reality is that students who probably won’t get that much out of university will be deterred from applying. And those that have achieved their certification will migrate.
In Guyana we have a lot of BA’s and BSc’s with honours working as shelf-stackers and sales assistants; that cannot be right.

Sincerely,
Richard Ince

So many university graduates, too few jobs - Guyana Times (guyanatimesgy.com)

Has the situation changed? Probably not.

We boy Rama always reminded us of the fifty thousand jobs being handed out.