New Statistical Methodology in Costa Rica

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

Tuesday, November 30, 2010

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

Other relevant findings include:
-21.3% of all households are under the poverty line.
-6.0% of all households live in extreme poverty conditions.
-The global occupancy rate is 54.8%.
-The situation is better in the central area of the country, where unemployment stands at 6.9% and the occupancy rate at 56.8%.

More on this topic

Record High Unemployment in Costa Rica

October 2009

Costa Rica's unemployment rate stands at 7.8%, after increasing three points in a year.

The previous highest rate was recorded in 1985, when it hit 6.85%, according to data from the Planning Ministry.

"Not only has unemployment increased: the labor sub-utilization rate went from 11% in 2008 to 15% in 2009.

Costa Rica: Unemployment Over 10%

May 2015

The unemployment rate in the first quarter reached 10.1%, causing increasing concern for the business sector, which every day is facing more obstacles to generate more and better jobs.

From a statement by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

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 Stands at 7.1% in El Salvador

October 2011

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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