Monday 17 May 2021

Unemployment Creeps Over 10%

A man sells traditional hats and flags in San Jose, Costa Rica. Photo: Telesurtv.net
A man sells traditional hats and flags in San Jose, Costa Rica. Photo: Telesurtv.net

(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 during the first quarter of this year.

- Advertisement -

But the situation has not changed much since the same period in 2014 when it was 9.8%. What is deeply troubling is that despite a partial recovery from the 2008 recession, the economy has not really recovered fully and has lost ground in the form of some international companies pulling their operations out.

And as usual, the figures are different for where you live. In the urban areas, it is 10.3% while in the rural zones it is 9.7%. This is to be expected since it is in industry that the economy has lost its zip while in rural areas employment is stable although slow.

Many who were employed last year are idle this year: 2,084,210 at work last year has been reduced to 2,051,208 in the quarter just ended. And many of those, an estimated 12.9%, are underemployed. In other words, they are either over qualified for the work they have taken in desperation or working part time.

Hardest hit are mechanical repair of vehicles and retail sales with 73,000 fewer employed and transport and storage of goods with 21,000 fewer jobs. Strangely, agricultural jobs jumped by 51,000 and manufacturing is up 40,000.

- Advertisement -

It is in the “informal” work that the greatest percentage of persons were employed such as door-to-door sales, some 45.3% of those employed comprisong 929,000 persons.

Article by iNews.co.cr, with editing by the Q

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Q Media supports AmCham initiative to request donation of vaccines to the United States

QCOSTARICA - The Costa Rican North American Chamber of Commerce (AmCham)...

Farmer’s fairs remain fertile despite the effects of the pandemic

QCOSTARICA - Despite the effects of the pandemic, "ferias" (farmers fairs)...

MOST READ

Top 3 Japanese-Inspired Online Slots

Slots are the most popular category in any casino. Gambling websites feature hundreds of these games, simplistic and elaborate. Reel symbols range from cherries...

New restrictions outrage hospital staff while business applauds “balance”

QCOSTARICA - The measures announced by the Government to reduce COVID-19 infections and hospital saturation unleashed a wave of reproaches, from one sector, and...

Caja to move ‘non-covid’ patients to private hospitals

QCOSTARICA - Caja patients with diseases other than covid-19 will be transferred to private hospitals, to make room for covid patients, through the "Urgent...

Costa Rica receives the largest shipments of vaccine in one week: 212,820 doses

QCOSTARICA - The landing of two separate and independent shipments of covid-19 vaccines this week, one from Pfizer and the other from Astra Zeneca,...

Protesters tried to block roads, but Police prevented closures

QCOSTARICA - Small groups of protesters tried to block several routes in the country on Monday, but the Fuerza Publica (National Police) managed to...

New batch of 124,000 doses of Pfizer / BioNTech vaccine arrived Tuesday

QCOSTARICA - A new batch with 124,020 doses of the covid-19 vaccine landed Tuesday night, as part of the weekly deliveries from Pfizer. With this...

Today’s Covid news: We are almost a death every hour

QCOSTARICA - The last seven days (May to May 11) have been bitterly deadly for the country, with 146 people dying from covid-19. According to...

Can scientists predict all of the ways the coronavirus will evolve?

Late last year, three distinct and fast-spreading coronavirus variants were observed in the UK, South Africa and Brazil. More recently, variants in India, the...

Recope requests the sixth consecutive increase in fuel prices for 2021

QCOSTARICA - The Refinadora Costarricense de Petróleo(RECOPE - the refinery that does not refine anything - requested the sixth consecutive fuel hike in 2021. As...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

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.