Record High Unemployment in Costa Rica

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

Thursday, October 29, 2009

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. We must also add one additional percentage point for subemployment (people working part-time, or full time with less pay)", reports Elfinancierocr.com.

More on this topic

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%.

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:

Unemployment in Costa Rica Remains at 10.4%

September 2013

The net rate of national labor participation remained at 62.7% of the working age population, the same as it was in the second quarter of 2012.

From a press release issued by the National Institute of Statistics and Census (INEC):

The Costa Rican labor market shows stability between the second quarter of 2012 and the same period in 2013, when the net rate of national labor participation remained at 62.7% of the working age population. While men maintain a rate of 76%, the participation rate of women has wavered between 48% and 49% for more than a year, when it increased its share.

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.

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