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.
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.
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.
4.06% of the economically active population is unemployed, according to the National Statistics Institute (INE).
Panama's economic growth is reducing unemployment, according to the latest official figures.
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