Dominican Republic: Unemployment Goes Down to 5.9

During the 4th quarter of 2019 the unemployment rate was 5.9%, which is less than the 6.5% registered in the 3rd quarter of last year.

Friday, February 14, 2020

From a report by the Central Bank of the Dominican Republic:

When analyzing the evolution of employment in the last four quarters, it is observed that the average rate of generation of net new employed persons is 123,935, as a result of averaging the year-on-year flows of generation of employed persons for the quarters January-March (153,000), April-June (136,264), July-September (72,761) and October-December 2019 (133,713).

Accordingly, the workforce increased by an average of 158,208 people over the last twelve months, while the average open unemployment rate was 6.2%. The underutilization rate averaged 11.3% in 2019.

The non-working or inactive population represented, on average, 35% of the working-age population aged 15 and over in 2019.

See full press release (in Spanish).

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Costa Rica: Unemployment Remains at 8.7%

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Results for the second quarter of 2018 did not show significant variations compared to the 8.5% registered in the second quarter of last year.

In this second quarter of 2018 the employed population increased by 80,000 people compared to the second quarter of 2017

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