El Salvador: 11 thousand construction jobs lost

Just in October alone, at least 2,225 direct jobs were lost in the construction sector.

Friday, November 14, 2008

According to preliminary data from the Salvador Chamber of the Construction Industry, the above figure is equivalent to 8% of the total direct employment in the sector which only last year employed 32,000 people.

One of the proposal from the sector to deal with this critical situation is for the public sector to "take measures such as starting public works."

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.

Construction Industry Shrinks 38% in Honduras

April 2010

The Central Bank of Honduras also reported that 40.000 jobs have been lost in this sector of the economy.

Juan Carlos Sikaffi, president of the fair “Expo Construction 2010” (Expo Construye), blamed the global financial crisis.

He also commented on other problems: “the government owes constructors $69 million (1.300 million lempiras), and President Porfirio Lobo received the country in bad financial shape, and has so far been unable to invest anything in construction”.

Nicaragua: Unemployment Grows in Construction

July 2009

During the last year and half, there has been a 40% loss in employment in the formal sector, and of that figure, 20% was from this year.

Estimates from the Nicaraguan Chamber of Construction (CNC, acronym in Spanish), composed of 45 active companies, indicate that at least 15,000 people, mainly laborers and job supervisors, lost their jobs since the beginning of last year.

ILO expects more unemployment in the region

January 2009

According to the latest report from the International Labour Organisation (ILO) less jobs will be created in 2009 due to the economic crisis.

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".

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