T&T labour market stable, but economy remains structurally weak

Trinidad and Tobago's labor market has shown signs of stabilization, suggesting a positive shift in employment conditions. This development indicates that the immediate pressures on the job market may be easing, offering a degree of relief.

Despite this stabilization, economist Professor Roger Hosein cautions that the broader economy continues to suffer from structural weaknesses. These underlying issues are significant enough to impede the generation of sustained job growth, which is crucial for long-term economic health.

Professor Hosein's assessment, based on his review of economic data, highlights that the persistent structural problems prevent the necessary increases in labor force participation, productivity gains, and overall living standards for the population. The economy, therefore, remains in a precarious state, requiring more fundamental reforms to achieve robust and inclusive growth.

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Trinidad and Tobago’s labour market has stabilised, but the economy remains too weak to generate the sustained job growth needed to lift participation, productivity and living standards, according to economist Prof Roger Hosein.