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COVID-19 effect: Unemployment in Costa Rica climbs to 20.1% between March and May

(QCOSTARICA) Unemployment in Costa Rica reached 20.1% in the months of March, April, and May 2020, driven by the health measures taken to contain the outbreak of the new coronavirus. The National Institute of Statistics and Census (INEC) on Thursday released the results of the...

Legislators fault Carlos Alvarado for unemployment and not the COVID-19

(QCOSTARICA) The inability of the Carlos Alvarado government to boost the economy is the reason why unemployment shot up to 15.7% and not the coronavirus pandemic, according to opposition legislators. To blame the pandemic's health emergency is to want to hide the truth since before...

Unemployment hits almost 439,000 Costa Ricans, estimates Minister of Labor

Up to Monday night, May 4, the government had distributed ¢19.7 billion colones among 157,859 people affected as a result of the emergency by COVID-19, through the delivery of the Bono Proteger. The minister of Labor, Giannina Dinarte, explained that another 91,866 people requested the...

Labor flexibility would help revive economy

Extending the workday to 12 hours for four days and three days off would help to revive the economy and mitigating the high unemployment rate. Companies would also benefit from saving resources and being more competitive in a global market that no longer serves time...

Unclear Future for Costa Rica’s Commercial Sector

In Costa Rica, the commercial sector faces major challenges such as informality and unemployment; and the country's fiscal situation does not improve the picture. Expectations are worrisome. Businessmen in the sector do not clearly see what the economic direction of the country will be. The president...

Not A Good Time to Standardize Salaries

Costa Rica's private sector warns of more unemployment and reduces competitiveness even further, if the government moves forward with its plan to standardize wages in 2020, affect workers with less education Wage standardization in 2020, will have a strong impact on productive sectors such as...

Costa Rica Commercial Sector Generates Fewer Jobs

In the last two years, the number of jobs generated by Cost Rica's commercial sector has fallen 7%, because of the slowdown in the country's economic activity. According to information from the Instituto Nacional de Estadística y Censos (INEC) - National Institute of Statistics and...

Unemployment already hits social security

The worrying unemployment figures that affect the country not only have a direct impact on people's purchasing power and a vicious circle effect on the economy. They also have begun to reflect on social security. After two years in a row in which the number...

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. According to INEC, the unemployment rate is now 11.3%. “For the second quarter of...

Unemployment in Panama Increases to 6.4%

Up to March of this year, the total unemployment rate in Panama reached 6.4%, above the 5.8% reported at the end of March 2018. When analyzing by area, urban showed a 7.2% rate in the third month of 2019, which is higher than that recorded...

Opposition asks government to put aside CO2 to boost economic reactivation

With the economy wilting and employment falling, the opposition is asking the government of Carlos Alvarado to put carbonization aside and focus on boosting the economy.    

President Doesn’t Measure Up!

Industrialists reject (Carlos) Alvarado in the fight against poverty and unemployment

Nicolás Maduro’s plan for Venezuela adds bewilderment to despair

Day after day the crowds flock to the Expresos Flamingo bus terminal in Caracas to begin checking out of their crumbling nation. The UN estimates 2.3 million Venezuelans have left the country since 2015. Photograph: Luis Robayo/AFP/Getty Images Some carry their earthly possessions in suitcases or...

Crisis in Nicaragua has left 70,000 people unemployed in the tourism sector

The crisis in Nicaragua since April 18 has left at least 70,000 people unemployed in the tourism industry, a source in the sector said today. Some 70,000 jobs have been lost due to the crisis, more than half of what the tourism industry generates “Some 70,000...

Costa Rica Unemployment Remains at 9.5%

Q COSTA RICA - Costa Rica's unemployment rate remained at 9.5% at the end of the last quarter of 2016 and an annual increase was recorded of nearly 2% in informal employment. Highlights of the Fourth Quarter Continuous Employment Survey 2016 from a statement issued...

No Drop In Unemployment in Costa Rica

QCOSTARICA - The unemployment rate in Costa Rica in the fourth quarter of 2015 stood at 9.6%, slightly lower than the 9.7% in the same period the previous year, reports the National Institute of Statistics and Census (Nacional de Estadística y Censos (INEC). Though there...

President Solis Fears Higher Unemployment, Accepts Some Of The Blame

(qCOSTARICA) A possible deterioration in employment opportunities, particularly among the poorest areas of the country, has President Luis Guillermo Solis worried. He expressed his concern on Friday, after learning of the Banco Central's (Central Bank) 2015 national economy growth projections dropping from a forecasted 3.4%...

Unemployment Creeps Over 10%

(QCOSTARICA) Something we already knew that we wish were not true: Costa Rican unemployment, hovering around 10% for some time has crept above that mark. The National Institute of Statistics and Census (INEC) reported 10.1% of the population, or 232,000 persons, are out of work...

The Most Miserable Countries In The World. Where Does Costa Rica Stand?

QCCOSTARICA - A report by the Cato Institute reveals that Honduras and Costa Rica are the countries with the highest rates of poverty in Central America and in the region. In South America, the most miserable countries at the end of 2014 are  Venezuela...

Unemployment Rose to 9.7% in Fourth Quarter of 2014

COSTA RICA NEWS - Unemployment rose during the last three months of 2014, the jobless rate reaching 9.7%, representing an increase of 1.14% compared to the same period in 2013, when it was 8.3%, according to the National Institute of Statistics and Census (Spanish:...

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