Thursday 29 September 2022

209,000 In Costa Rica Out Of Work

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29 September 2022 - At The Banks - BCCR

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Unemployment is concentrated mainly among young people and this is reflected in job fairs
Unemployment is concentrated mainly among younger people, as reflected in recent job fairs (ferias de empleo, in Spanish)

QCOSTARICA – The unemployment rate for the first quarter of 2016 was 9.5%, that is to say the indicator is stagnant, with no significant changes compared to previous months.

In this regard, the government has failed to increase employment.

In March 2016 there were 209,000 people in the country out of work. The numbers break down to 95,000 women and 114,000 men, according to the data by the Continuous Employment Survey by the National Institute of Statistics and Census (INEC).

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The results also indicates a lowered labour market participation, that is people are not actively looking for work.

The labour force in the country is made up of 1.48 million workers in urban areas and 515.000 in rural areas.

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