Elnuevodiario.com.ni reports: "With growth forecasts of between 2% and 3% compared to the 5% average for the last five years, "the generation of jobs will be not be enough to meet the demand for labor and, hence, the levels of unemployment will probably increase" in the region, according to the Labor Panorama 2008 report".
Above all, because "labor markets in Central America have a structural deficiency for the generation of decent jobs due to its poorly diversified production structure..."
In advanced economies employment is becoming less stable while those in developing economies are focusing on public policies, which stimulates the growth of informality and, paradoxically, unemployment.
"It's the economy, stupid."
We will use the now famous phrase coined during Bill Clinton campaign against George Bush, to highlight the paternalistic voluntarism which is fashionable in most of the countries of the region, the only effect it has is to marginalize the formal production economy for more and more people, with an impoverishing final effect. Globalization requires more and more competition, which can only be achieved with maximum flexibility using all resources, including human ones. This, which in itself is inhumane, is a reality that should not be overlooked in the definition and implementation of public employment policies, if they are to be successful and sustainable.
Almost 30% of the economically active population is underemployed.
The Salvadoran government has announced that the unemployment rate reached 7.1% in July. While the figure is less than in the U.S., where 9.1% of active people can not find work, it is in line with the level of unemployment in other countries in Central America.
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