Costa Rica Anticipates an Increase in Unemployment
A survey by UCCAEP of 405 companies from various sectors revealed that there will probably be more unemployment in the second half of the year.
Thursday, May 21, 2009
Hassel Fallas wrote in an article in Nacion.com: "Shirley Saborío, director of UCCAEP (Costa Rican Union of Chambers and Private Enterprise Associations,) explained that the survey presented yesterday revealed that the index of business confidence in employment for the second quarter is 4.12 points out of a possible 10. During the same period in 2008, it was 6.15.
The labor participation rate reached 61.5% of the working age population in the first quarter, 1.8% less than in the same period in 2012.
The net rate of national labor participation remained at 62.7% of the working age population, the same as it was in the second quarter of 2012.
The consequences only could be offset by investing in education and technology and increase the added value of export products.
For the second quarter of 2010, Guatemalan employers are optimistic, and those in Panama and Costa Rica are very optimistic.
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