El Salvador: 39.000 Jobs Lost in 2009

Industry and the private sector are the most affected, according to the Salvadoran Social Security Institute.

Friday, August 28, 2009

Victoria de Avilés, Labor Minister, remarked that "there is a loss of jobs, and by the end of the year it could increase to 55.000...".

"Job losses has been exacerbated by the economy's 'low dynamism', with sectors like commerce reporting considerable less sales", publishes Laprensagrafica.com.

More on this topic

Construction Still Lagging in El Salvador

November 2010

The construction sector has failed to retrieve the 15 thousand jobs it lost since September 2008.

The Salvadoran Chamber of Construction (CASALCO) projected for this year that the industry will close with negative growth of 3%.

CASALCO Executive Director noted that this year, besides the lack of private sector investment, there was almost no public investment projects implemented.

El Salvador Lost 5.000 Jobs in 4 Months

July 2010

Despite a mild recovery in some sectors, the economy has shredded 5.000 jobs in the first four months of the year.

Carlos Acevedo, president of the Central Bank of El Salvador (BCR), noted that the figure is an improvement when compared to the same period of 2009, when the economy lost 40,000 jobs.

Honduras: 63.000 Jobs Lost in 2009

October 2009

From January to August, 63.917 workers have been fired, according to data from the Work Secretary.

The actual figure could be much higher, warned Work Minister Nicolás García, who explained that "... many fired workers do not report to the Ministry, and they settle termination conditions directly with their employers".

More unemployment for Nicaragua

December 2008

Official figures show that in the Free Zone sector alone, Nicaragua lost some 19 thousand jobs.

This is a result of the closure of some factories that have decided to leave the country due to problems related to high operational costs.

Adolfo Acevedo, economist, said that the Nicaraguan economy is generating what is called informal jobs which only allows for poor quality of work.

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