Wednesday 20 January 2021

Unemployment Rose to 9.7% in Fourth Quarter of 2014

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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: Instituto Nacional de Estadísticas y Censos – INEC).

In total, 220.175 where unemployed in the last quarter of 2014.

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The press release by the INEC says the trend in rising unemployment was both in rural and urban areas. In the first, the rate was 10.2%, in the second, 9.5%.

The difficulty in finding work is in addition to the “underemployed”, ie those working fewer hours than they want.

The percentage of persons affected by underemployment is estimated at 14.2% in the quarter, 2 percentage points higher than in the fourth quarter of 2013.

The INEC survey found that the number of employed fell by almost 30.000 people, from 2.059.600 employed in the last quarter of 2014, compared to 2.088.282 in the same period the previous year.

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The employment breakdown by gender, according to the  Continuing Survey of Employment  (Spanish: Encuesta Continua de Empleo ECE), is 1.2 million men and 782.000 women.

Source: La Nacion

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