Tuesday 20 April 2021
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Unemployment in Costa Rica has affected women the most during the pandemic

QCOSTARICA - The latest unemployment figures show that women have been affected the most during the pandemic: more than a quarter of the female population (26.6%) is without work. In the case of men, approximately one in five (19.1%) are out of work. The data is...

Unemployment in Costa Rica closed 2020 at 20%

QCOSTARICA - The National Institute of Statistics and Censuses (INEC) reported Thursday, February 4, that unemployment in the last moving quarter of 2020 reached 20%. The moving quarter means that the three-month average unemployment is considered and each month the last month is removed and...

Informal employment rises faster from the crisis

QCOSTARICA - Informal employment was the hardest hit by the economic crisis caused by the new coronavirus pandemic in Costa Rica, and is now the one that is rising the fastest. This is seen in the results of the Continuous Employment Survey (Encuesta Continua de...

Costa Rica recovers more than 18,000 jobs from the most critical moment of the pandemic

QCOSTARICA - The Continuous Employment Survey (ECE) of the National Institute of Statistics and Censuses (INEC) for the three months of September-October-November 2020 shows that the country has recovered 183,274 jobs from the most critical moment of the pandemic at the labor level between...

Unemployment in Costa Rica expected to rise in January, according to employers

QCOSTARICA - In January unemployment is expected to increase, while the economic recovery would suffer a setback, according to several business leaders consulted. The rise in unemployment is expected to occur because in January the law that allows employers to cut the working day in...

Fifco dismisses 500 employees, 10% of its payroll in Costa Rica

QCOSTARICA - Florida Ice & Farm Company (FIFCO), the Costa Rican based holding company primarily engaged, through its subsidiaries, in the food and beverages industry, confirmed on Saturday the laying off of 500 employees in Costa Rica, that figure represents 10% of the total...

Pandemic hits employment for women the hardest

QCOSTARICA - The gaps that COVID-19 will leave on Costa Rican society will be profound. Its depth is already noticeable and suffers in social equity where one of the deepest furrows is marked in the field of female employment. The State of the Nation 2020...

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

QCOSTARICA - In the last 28 days, there have been 60 homicides, pushing the number of murders for the year to 438, according to the Organismo de Investigación Judicial (OIJ). Police statistics show how there is an increasing trend compared to the number of homicides...

“Risky to say how much unemployment we are going to reverse with new measures”: Minister of Economy

(QCOSTARICA) Asked about the effectiveness of reactivating Costa Rica's shared management model "Costa Rica trabaja y se cuida” (Costa Rica works and takes care of itself) strategy, Victoria Hernández, Minister of Economy, considered that it would be "risky" to predict how much it can...

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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