Economic growth spurs employment creation

ECONOMIC growth creates employment opportunities and also increases labor productiveness.

The impact of economic growth on employment creation depends not only on the rate of growth, but also on the efficiency by which growth translates into productive jobs.

The latter depends on a range of factors, such as the sector composition of growth and the capital/labor intensity of growth within the individual sector.

The pattern or nature of growth inside the respective districts matters too as it points out to the available resources and the level of investments there.

An assessment of economic growth from an employment perspective looks at the expansion of apple plantations in

Nyanga, expansion of banana plantations in Honde and Rusitu Valleys and the huge investments at the Tanganda Tea estates, among others.

All these should also examine how economic growth is promoting higher productivity within the province.

Such an assessment needs to be broken down by economic sectors to yield meaningful insights.

The extent to which economic growth is associated with and driven by a productive transformation is of major importance to the sustainability of economic development in the medium and long term within the districts.

Indicators that measure the ability of the province’s economy to generate sufficient employment opportunities for its population can provide valuable insights into the economy’s overall development performance.

These indicators include unemployment rates, employment-to-population ratios, labor force participation rates, and the employment intensity of growth or elasticity of employment with respect to output considering the active companies.

Explicitly integrating employment into economic growth and poverty reduction policies helps to maximize the benefits for people and to ensure that growth is both sustainable and inclusive within each respective district.

In the mining sector, particularly in Chimanimani district, the mining companies are very small.

This is an opportunity for Government to direct potential investors to this district.

The province and the nation at large stand to benefit extensively from the minerals