Wednesday 29 March 2023

Costa Rica Commercial Sector Generates Fewer Jobs

Unemployment is slightly up, fewer new jobs being created due to slowdown in the country's economy

Paying the bills


Costa Rica has more than 200 homicides in less than three months

QCOSTARICA - With only a few days before the...

Farmers will march this Wednesday against government decisions towards the agricultural sector

QCOSTARICA - Farmers will hold a peaceful march and...

In Latin America, Heat Warnings Can Prevent Deaths

Q REPORTS (IPS) On March 9, 2023, more than...

Mexico-US border: Fire at migrant facility kills dozens

Q24N (DW) A fire that broke out at a...

Justin Trudeau and Joe Biden are missing the bigger picture about migrant border crossings

Q REPORTS - When Canadian Prime Minister Justin Trudeau...

“Mordidas” or “Chorizos” may soon be back at Transito

RICOS Q - There as a time when I...

Court ruling: UBER must pay vacations, bonuses and social security to its drivers

QCOSTARICA - The Juzgado de Trabajo del Tercer Circuito...

Dollar Exchange

¢539.29 Buy

¢546.42 Sell

29 March 2023 - At The Banks - BCCR

Paying the bills


In the last two years, the number of jobs generated by Cost Rica’s commercial sector has fallen 7%, because of the slowdown in the country’s economic activity.

According to information from the Instituto Nacional de Estadística y Censos (INEC) – National Institute of Statistics and Census, between the second quarter of 2017 and the same period of 2019, the number of jobs in the commercial sector was reduced from 386,597 to 357,976 (down 28,621).

This decreasing behavior in the number of jobs available in the commercial sector coincides with the falls in the economic activity, which in recent months has registered negative year-on-year variations, according to the last report of the Central Bank of Costa Rica (BCCR) dated September 11, 2019.

- Advertisement -

Alonso Elizondo, executive director of the Chamber of Commerce, told that “… in the face of declining consumption there is a blow to the income of businesses and has affected both investment and employment.”

Elizondo added that “… Companies do not reduce their human resources because they want to, it is reduced because, given a difficult economic reality, it is necessary to reduce operating costs to survive in the market.

Overall unemployment in Costa Rica has also increased, the unemployment rate for April to June of this year was 11.9%, higher than the 11.3% reported in the first three months of the year.

- Advertisement -
Paying the bills
Avatar photo
Q Costa Rica
Reports by QCR staff

Related Articles

287,000 people are unemployed in Costa Rica

QCOSTARICA - The number of unemployed in Costa Rica between November...

Costa Rica registers 11.8% unemployment

QCOSTARICA - Unemployment in Costa Rica stood at 11.8% in January...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.