Wednesday 24 April 2024

Nearly Half of Costa Rica Labour Force “Informal”

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24 April 2024 - At The Banks - Source: BCCR

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QCOSTARICA – In
Costa Rica nearly half of workers have informal employment, meaning they have no basic rights such as access to social security (Caja) and minimum wage.

Combatting informality is one of the priorities of the Ministry of Labour this year.

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According to Ministry, 47.5% of the labour force (about 942,000 people) in the country is informal. This includes street vendors, working from home and occasional services, among others.

One of the short-term plans by the Ministry of Labour is to increase the capacity of the National Training Institute (Instituto Nacional de Aprendizaje – INA), providing training programs in computer sciences, electricity, electronics, mechanics, gastronomy and learning English, among others.

According to legislator Otto Guevara, there are some 300,000 people without jobs and each year some 60,000 arrive in the country looking for work.

The Central Bank (Banco Central de Costa Rica – BCCR) says the unemployment rate in 2015 was 9.2%, declining  projections for 2016 and 2017.

“The problem of employment in Costa Rica is more severe than originally thought,” the BCCR said in a statement, adding that the country is undergoing “a structural adjustment in the labor market”.

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