Wednesday, 25 November 2020

Costa Rica’s Unemployment Hits 11.3%

This Thursday, the Instituto Nacional de Estadísticas y Censos (INEC) – National Institute of Statistics and Census – announced that unemployment in Costa Rica increased and now 296,000 people have no job.

For illustrative purposes

According to INEC, the unemployment rate is now 11.3%.

- Advertisement -

“For the second quarter of 2019, 296,000 people are unemployed, 90,000 more people actively sought a job and did not find it compared to the second quarter of 2018. Of the total unemployed, 147,000 were men and 149,000 women,” INEC explained.

The year-on-year increase in the unemployed is a product of the increase in the labor supply, both in men and women. That is, more people are looking for a job but cannot find one.

Informality

For the second quarter of 2019, the percentage of employed persons with informal employment – workers that do not have formal employment arrangements, benefits or social protection, for example, casual or day laborers, domestic workers  – was 46.3%.

- Advertisement -

Thus, the population without a fixed job was close to 1 million, of which 593,000 were men and 419,000 women.

- Advertisement -

Related Articles

Pandemic hits employment for women the hardest

QCOSTARICA - The gaps that COVID-19 will leave on Costa Rican...

Murders on the rise in Costa Rica: 60 homicides in the last 28 days

QCOSTARICA - In the last 28 days, there have been 60...

MOST READ

Costa Rica to buy 14 “ultra low temperature” freezers to store COVID-19 vaccines

QCOSTARICA - Costa Rica began the process to acquire equipment that it will need for the future application and storage of the vaccine against...

San Carlos, Heredia, Cartago and Desamparados Have More Voices against Domestic Violence

QCOSTARICA - Thanks to the program Hacete Escuchar (“Make Yourself Heard”) developed by the U.S. Embassy San Jose’s Bureau of International Narcotics and Law...

Traveller’s Tale: Costa Rica has reopened to travelers. Here’s what it’s like to visit

LONELY PLANET -  Twenty-one years ago, Costa Rica was the first country I had ever visited outside the United States. Since that first trip,...

Restaurants ask for vehicle restriction to start at midnight

QCOSTARICA - The Costa Rican Chamber of Restaurants (Cacore) launched a new campaign directed at the government to modify the hours of the vehicle...

Conduct These Three Internal Analyses To Select The Right Edtech Tool

Using edtech tools has almost become a necessity. Modern learning styles need the support of technology in order to deliver impactful learning to students. This...

We can see the light at the end of the tunnel thanks to vaccines

QCOSTARICA - In the midst of so much suffering, the world jumped for joy last week when the Pfizer / BioNTech companies announced that...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

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.