Sunday 24 September 2023

Costa Rica with the highest unemployment rate in people between 15 and 24 years old

The employment rate of people between 15 and 24 years old is barely 28.6%.

Paying the bills

Latest

Fatphobia in Costa Rica out of control

QCOSTARICA -- In the era of social media, where...

Is Costa Rica’s ‘Blue Zone’ vanishing?

QCOSTARICA -- The shrinking of Costa Rica’s Blue Zone...

Costa Rica clarifies tax treatment of crypto-assets

QCOSTARICA - Costa Rica's tax authority - issued a...

U.S. Returns Historical Indigenous Artifacts to Costa Rica

QCOSTARICA -- NBC6 Miami reports that several pre-Columbian artifacts...

UN Declares U.S. Southwest Border ‘World’s Deadliest Migration Land Route

Q24N (CIS.org) On September 12, the International Organization for...

BIG HIT! Increase of up to ¢71 in gasoline for October proposed

On the heels of a big increase in fuel...

Costa Rica’s “Pura Vida” reputation tarnished by violence and homicides from drug trafficking

QCOSTARICA -- Drug trafficking-related violence and homicides pose a...

Dollar Exchange

¢538.05 BUY

¢543.60 SELL

23 September 2023 - At The Banks - Source: BCCR

Paying the bills

Share

QCOSTARICA – The Organization for Economic Co-operation and Development (OECD) places Costa Rica with the highest unemployment rate in people between 15 and 24 years old (40%), even when comparing us with other countries such as Colombia, Chile and Mexico, which are also part of this organization.

Covid-19 came to exacerbate youth unemployment, which prior to the pandemic was already 30%.

- Advertisement -

In times of pandemic, the unemployment rate of people between 15 and 24 years old increased by 10 percentage points without showing improvement to date.

The data is supported by observations of Costa Rica’s Colegio de Ciencias Económicas (ECE) – College of Economic Sciences, of the condition of young people, those between the ages of 15 and 35, in the labor market.

As the ECE data for the first quarter of 2022 show, almost two-thirds of unemployed people are young.

According to the ECE, worrying is the low employment rate of people between 15 and 24 years old, which is 28.6%, while that of people between 25 and 44 years old is 72.4%.

These results represent a gap in the employment rate of 43.8 percentage points.

Costa Rica owes a debt to young people in terms of employment. High dropout rates from secondary education persist. Those who complete high school have few opportunities to acquire technical and university training. On the other hand, technical education still does not develop an academic offer according to the positions that international companies operating in Costa Rica are demanding, in which English, information and communication technologies and soft skills are basic knowledge to enter the labor market.

- Advertisement -

University education also remains inaccessible to this group, either due to the lack of places in public universities or the impossibility of entering private universities.

Beyond generating sources of employment, Ennio Rodríguez, President of the ECE, “urges the new Government to work on aligning labor supply and demand. On the one hand, more and better jobs must be created. On the other, provide the academic and technical offer necessary to satisfy the requirements of potential jobs.”

“In particular, efforts should be focused on ensuring that those who dropped out of high school complete these studies, as well as on teaching English and new technologies, which are today the two great barriers for young people to opt for the jobs the international companies offer and other sectors such as tourism,” emphasized Rodríguez.

 

- Advertisement -

 

- Advertisement -
Paying the bills
Avatar photo
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

Costa Rica reports the lowest interannual inflation in the last decade

QCOSTARICA -- Lower interest rates for personal loans, more money to...

Population considered ‘unavailable’ to work increased by almost 50,000 people so far this year

Q COSTA RICA - Statistics from the Instituto Nacional de Estadística...

Subscribe to our stories

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

%d bloggers like this: