Unemployment climbing

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 The country’s unemployment rate, which climbed from 9.7 per cent in October of 2007 to 10.2 per cent in January of this year, is likely to surge higher, following the move by the loss-making Jamaica Urban Transit Company (JUTC) r

 The country’s unemployment rate, which climbed from 9.7 per cent in October of 2007 to 10.2 per cent in January of this year, is likely to surge higher, following the move by the loss-making Jamaica Urban Transit Company (JUTC) r

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Higher debt service charges

The decision by Derick Latibeaudiere and his team at the central bank to hike all its benchmark rates by an average of 50 basis points last week will push the amount of money needed to service the country’s trillion dollar debt higher