RE­DUC­ING JOBS HOPES 14%

Finweek English Edition - - In Brief -

The Na­tional Plan­ning Com­mis­sion has ad­justed its fore­cast goal of a job­less rate of 6% by 2030, stat­ing that 14% is a more realistic goal, writes Busi­ness Day. In a re­cent re­port, the NPC said: “While one can point to many ar­eas of suc­cess­ful in­vest­ment and pub­lic de­liv­ery, the most im­por­tant so­cial and eco­nomic in­di­ca­tors re­vealed that – at best – the coun­try has not made mean­ing­ful progress since the global eco­nomic down­turn in 2008/09. At worst, there are in­di­ca­tions that it has lost sig­nif­i­cant eco­nomic ca­pac­ity. Em­ploy­ment is grow­ing at about 30% to 40% of tar­get and poverty rates have wors­ened.”

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