Crisis Impacts Employment in Panama

At the closing of the first quarter, the open unemployment rate was 4.9%, according to data from the Office of the Comptroller General of the Republic.

Tuesday, June 23, 2009

As of March 2009, the number of workers in the retail sector dropped 0.5%, with respect to the same month a year ago.

Xenia De León writes in “However, the total unemployment rate, another way of measuring the labor market, fell from 6.4% to 6.3% in the same period. Economist Adolfo Quintero said that the unemployment situation in Panama, compared to the rest of the region and other countries in the world, continues to be positive."

More on this topic

Panama's growth spurs reduction in jobless

May 2008

Panama's economic growth is reducing unemployment, according to the latest official figures.

Total unemployment has dropped from 7.3 percent to 6.3 percent, while open unemployment has dropped from 5.3 percent to 4.7 percent, according to preliminary figures from the Statistics Department.

Unemployment Rises in Guatemala

November 2011

4.06% of the economically active population is unemployed, according to the National Statistics Institute (INE).

The number of people who are unemployed showed an increase of 27 000, raising the unemployment rate from 3.52% last year to 4.06% this year.

This was revealed in the National Survey of Employment and Income, which was recently released by Guatemala’s National Statistics Institute.

Panama: Slight Increase in Unemployment

December 2016

The overall unemployment rate rose from 5.1% in August 2015 to 5.5% in the same month this year, with people aged between 20 to 24 years experiencing the highest rate of unemployment.

From the report "Labour Market Survey" by the Comptroller General of the Republic:

Panama: Unemployment Rate Falls to 3.1%

July 2014

Between March 2013 and March 2014 participation in the labor market went up by 2.5%, from 61.8% to 64.3% of the population.

Despite the slowdown in economic activity seen in recent months, activity in the labor market continues to grow, especially with the addition of more people of working age and a reduction in the unemployment rate of 3.2% to 3.1%.

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