Prime Minister Dr. Hubert Minnis pledged yesterday that his administration will reduce unemployment to at least six percent by the end of next year.
His comments came on the sidelines of the signing of a heads of agreement for a $580 million project in South Abaco.
Minnis said the project and others like it will undoubtedly boost the economy and increase job numbers.
“What we see on the ground in both Abaco and Grand Bahama and what is happening in terms of rebuilding, I think our unemployment rate would come down dramatically,” he said.
“No politicians like to make such statements, but I can make a bold statement and state that by the end of 2021, the unemployment rate I’m certain will be around six percent or less.”
A drop to six percent would be a significant decrease in unemployment.
The latest unemployment figures, which were released by the Department of Statistics in August 2019, revealed the national unemployment rate had dropped to 9.5 percent, which was the lowest rate in 10 years.
However, that was before Hurricane Dorian devastated Abaco and Grand Bahama in early September.
Officials at the Department of Statistics have said the upcoming labor force survey will only reflect employment on New Providence.