Friday 19 April 2024

Labour Participation Still Falling in Costa Rica

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19 April 2024 - At The Banks - Source: BCCR

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(QCOSTARICA) In the third quarter the national net labour participation rate fell by 3% compared to the same period in 2015.

From a statement issued by the National Institute of Statistics and Census (INEC) of the results of Continuous Employment Survey III quarter 2016:

  • Informal employment fell by 3.0 percentage points
  • Level III quarter 2016 unemployment was 9.7%, no significant variation seen compared to the same period last year when it was 9.2%.
  • Employed population nationwide was approximately ninety-one thousand (91,000) fewer people compared to the same period.
  • Labour force participation fell by 3.3 percentage points.

In the third quarter of 2016 (July to September), the net national labour participation rate fell by three percentage points (pp) compared with the same period last year, reaching 57.7%, representing in absolute terms a decrease of 89 thousand people.

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