Sierra Leone Jobs Diagnostic

Alvaro Gonzalez and Veronica Michel Gutierrez

No 29264310, Jobs Group Papers, Notes, and Guides from The World Bank

Abstract: Sierra Leone is a relatively small economy with potential for jobs-rich growth. It is an extremely poor nation with substantial mineral, agricultural, and fishery resources. Nearly half of the working-age population engages in subsistence agriculture. Alluvial diamond mining remains the major source of hard currency earnings, accounting for nearly half of exports. However, the anticipated job-rich recovery is unlikely to be realized simply from the continued exploitation of the minerals underneath Sierra Leonean soil. This Jobs Diagnostic of Sierra Leone is a first, modest, but necessary, step to formulate that focused effort to create good jobs. It provides a better understanding of the job creation performance of the economy. It identifies the major problems that hold back the economy from creating good, formal-sector jobs that will lift people out of poverty and get them on the road to upward mobility. The Jobs Diagnostic begins with a look at the jobs creation performance of the economy. It then provides an examination of the labor supply—the state of the present and future workers and entrepreneurs. Finally, this diagnostic looks at job performance of firms—the potential employers and job creators.

Keywords: import of goods; export of goods; iron ore; Agriculture; average number of child; united nations population estimates; rate of population growth; poverty head count; gross domestic product; working-age population; employment rate; labor productivity; Job Creation; agriculture and service; share of employment; population by age; segments of society; gross fixed investment; number of jobs; increase in labor; quality of job; natural resource exploitation; demographic change; purchasing power parity; labor force survey; years of schooling; Public Health Emergency; population growth rate; human capital endowment; level of employment; higher value added; gdp growth rate; gross capital formation; rate of output; economic growth rate; Type of Investment; labor market entrant; current account balance; movement of good; integrated household survey; total employment growth; effect on employment; privileges and immunity; lack of investment; private sector activity; rising aggregate demand; annual economic growth; trade and competitiveness; labor force participation; total factor productivity; demand for labor; participation in employment; productive labor force; movement of worker; output per worker; share of export; labor market segmentation; labor supply; gross value; labor outcomes; postwar period; industry sector; productivity growth; real gdp; industrial sector; macroeconomic environment; subsistence agriculture; agriculture sector; Learning and Innovation Credit; Civil War; dependency ratio; economic sector; private consumption; fertility rate; commodity price; youth bulge; aggregate output; job opportunities; job opportunity; banking sector; demographic dividend; rural area; volatile environment; macroeconomic performance; government consumption; economic recovery; ebola virus; investment climate; annual labor; employment data; poverty headcount; unemployment rate; aggregate employment; aluminium ore; real value; productive sector; average values; unpaid work; vertical line; manufacturing sector; high wage; participation rate; productivity differential; Capital Investments; unskilled job; commercial sector; consumption growth; rapid change; data distribution; agricultural output; growth on distribution; world price; dispersion measure; business environment; economic prosperity; rural resident; geographic restrictions; increasing rate; subsistence farming; macro stability; real growth; unpaid worker; working age; rural counterpart; wage worker; steel industry; job prospects; productive employment; cocoa bean; demographic trend; informal employment; formal sector; frozen fish; rubber tires; low-skilled worker; positive growth; million people; population size; employment indicator; life expectancy; price slump; youth population; average performance; Displaced Population; capital-intensive industries; international standard; extreme poverty; living standard; export price; small economy; commercial purpose; long-term investment; original work; sole responsibility; copyright owner; employment generation; national income; gainful employment; job loss; lack of options; company operating; economic expansion; gini coefficient; labor demand; macro shocks; recovery period; future worker; commercial partners; real income; fishery resource; comparator country; diamond mining; hard currency; upward mobility; high vulnerability; job performance; macroeconomic indicator; nongovernmental institutions; output growth; ongoing support; output decline; Macroeconomic Stability; employment ratios; job growth; household enterprise; non-governmental organization; inclusive growth; multivariate regression; missing data; summary statistic; sectoral employment; cross-country comparison; firm performance; employment opportunity; employment opportunities; agricultural workforce; industrial job; aggregate value; employment share; disadvantaged people; agricultural employment (search for similar items in EconPapers)
Pages: 75
Date: 2017-12-11
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