The Central Bank, in its latest Economic Bulletin said COVID-19 mitigation measures disrupted Trinidad and Tobago’s labour market during the first half of 2020. It said the emergence of the pandemic has triggered a global economic recession this year.
Domestically, economic activity declined in the first quarter, due to a widespread contraction in the energy sector and a slowdown in non-energy activity.
The Central Bank also claimed that Labour Notices filed at the Ministry of Labour revealed that 365 people lost their jobs in the first 6 months of 2020 as COVID lockdown measures led to layoffs.
However, President of the Seamen and Waterfront Worker Trade union, Michael Annisette, disputes these figures. Today, he appeared on the Power Breakfast show and said he questions the accuracy of the figures, claiming job losses are underreported. He said the Labour unions have alternative figures which contradict the Central Bank’s claims but expressed reservations about sharing the information with the relevant authorities.