Wednesday 22 September 2021

Costa Rica With Second Highest Unemployment in Latin America

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desemp1In the latest report by the Comisión Económica para América Latina y el Caribe (ECLAC) – United Nations Economic Commission for Latin America and the Caribbean – Costa Rica has the second highest unemployment rate in the Latin America.

Colombia tops the ECLAC list with a 10.6% unemployment rate, followed by Costa Rica’s 8.3% for 2013. The report was dated December 2013.

According to figures by the Instituto Nacional de Estadística y Censos de Costa Rica (INEC) – Costa Rica’s statistics and census  – unemployment rate for the third quarter (latest available stats) was 8.9%, falling from a high of 10.9% in 2011 for the same period.

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Despite the drop, the rate is still higher than neighbouring countries like Nicaragua and Panama.

The high tourist season that began last month won’t be much of a relief for those seeking employment. The Cámara Nacional de Turismo (CANATUR), Costa Rica’s tourism board, reported earlier this month that 70% of tourism related business owners are not looking to hire new workers this season.

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