Panama's growth spurs reduction in jobless

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

Friday, May 23, 2008

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.

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Historical Unemployment Rate in Panama

December 2012

The unemployment rate in Panama dropped to 4%, the lowest since numeral statistics have been kept, for over 40 years.

According to a Labor Market Survey conducted by the National Institute of Statistics and Census (INEC), the unemployment rate for August 2012 dropped to 4%, down 0.5% from the previous year when the rate of unemployed people was 4.5%.

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.

New Statistical Methodology in Costa Rica

November 2010

Under the new calculation, the working population remains unchanged, although the participation rate dropped 2.2% and the occupancy rate 1.03%.

The Costa Rican National Statistics Institute conducted its latest survey, and found that unemployment stands at 7.3%.

Other relevant findings include:

Crisis Impacts Employment in Panama

June 2009

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.

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.

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