Thursday 28 January 2021

Costa Rica recovers more than 18,000 jobs from the most critical moment of the pandemic

The unemployment rate is 21.3% for the quarter of September-October-November 2020. Year-on-year growth in unemployment continues to trend downward.

QCOSTARICA – The Continuous Employment Survey (ECE) of the National Institute of Statistics and Censuses (INEC) for the three months of September-October-November 2020 shows that the country has recovered 183,274 jobs from the most critical moment of the pandemic at the labor level between May and July.

In addition, it shows the second-highest number of people employed since the start of the pandemic.

- Advertisement -

For this quarter, a total of 1,906,286 people were employed, 28,458 more than in the previous quarter.

The unemployment rate was set at 21.3% for this quarter.

The Minister of Labor, Silvia Lara Povedano, pointed out the importance of seeing “a trend of recovery in the labor market from the gradual opening of the economy in August.”

“This, although positive, poses a very important challenge for the country in this recovery process and it is to move towards a transformation of the labor market that allows us to meet the human capital needs that are occurring in the country. so that the jobs that are created can be filled immediately by those who are still unemployed,” she added.

- Advertisement -

The number of employed from the start of the pandemic. Source: Continuous Employment Survey, INEC

The downward trend of this rate continues for the fourth consecutive time since the highest impact data was presented in May-June-July quarter, in which the unemployment rate rose to 24.4%. The percentage growth of the unemployment rate was 8.8% compared to the same three months in 2019.

The unemployment rate is higher in women than men; 28.1% and 16.8% respectively.

As for the unemployed, the number rose to 516,542 people. The underemployment rate (people who work less than 40 hours per week and want to work more) is 22.7%.

With respect to the impact of the pandemic, the survey shows that for the three months of September-October-November 2020, the workforce with a labor incidence due to the effect of COVID-19 was 940,242 people (38.81%), about 40,000 people less than the previous three months (4.32% less).

Similarly, the administrative records of the CCSS show recovery and strength of the formal sector of the national economy. In November 2020, the number of insured persons totaled 1,747,675.

- Advertisement -

 

 

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Covid-19 pandemic drives global computer sales

Q TECH - Covid-19 resurrected the worldwide sale of desktop and...

KLM suspends flights to Costa Rica due to new health restrictions from the Dutch government

QCOSTARICA - KLM, the Dutch airline, decided to suspend all its...

MOST READ

Two minivan passengers lose their lives after freak traffic accident (Photos)

HQ - A load of "perlin" (extrusions used in construction) became loose and rolled from a truck and fell on top of a minivan,...

About 29,000 small businesses disappeared in one year

QCOSTARICA - About 29,000 microenterprises disappeared in 2019, according to the latest figures by the National Institute of Statistics and Census of Costa Rica...

Antigen testing puts KLM travelers to the Netherlands on edge

QCOSTARICA - The Dutch airline, KLM, assured Friday afternoon, January 22, that it maintains its flight plan to Costa Rica, but warned that the...

How to choose a serious and reliable online casino

Online gaming is a growing phenomenon, with an increasing appreciation from fans of poker, virtual slot machines and other gambling platform activities. The greater accessibility...

Policewoman who was shot in the head is already walking

HQ - Kimberly Suárez, the Fuerza Publica police officer, who on January 9 was shot to the head while attending a case of domestic...

Covid-19 pandemic drives global computer sales

Q TECH - Covid-19 resurrected the worldwide sale of desktop and laptop oomputers last year were up by more than 13% worldwide in 2020. The...

Lisa Rinna shares jaw-dropping bikini ‘thirst trap’ from her sun-soaked 2018 getaway to Costa Rica

Q MAGAZINE - Lisa Rinna started off the week with a jaw-dropping bikini 'thirst trap.' The reality star, 57, shared a photo of herself...

Five Cool Latin America-Themed Casino Games

From Mexican wrestling to ancient Incan sites, Latin America is awash with inspirations. So, it is no wonder that the region’s themes are often...

Costa Rica’s tallest building in Costa Rica towers over the National Stadium

At 140 meters height, the tallest building in Costa Rica, the new Leumi Business Center building (under construction), towers over the Estadio Nacional (National...

Want to stay up to date with the latest?

We would love to hear from you! Please fill in your details and get updates daily in your mailbox. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.