Honduras: 50 Thousand Jobs Lost in 2010

As of October, about 50,000 jobs were lost in the construction sector.

Thursday, November 4, 2010

The Honduran Chamber of Construction Industry (CHICO), identified as the main cause the economic crisis in the country.

Digital Process publishes, "Another factor which has influenced reduction of employment in the construction sector is the lack of interest by the government to generate investments, and the delay in the adoption of renewable energy projects, said Juan Carlos Sikaffy, member of Chico”.

More on this topic

El Salvador: Slight Recovery in Construction Jobs

December 2010

For the first time in two years, the construction sector reached 25.000 jobs.

Ismael Nolasco, executive director of the Salvadoran Chamber of Construction Industry (CASALCO), notes that new jobs are coming from both the public and private sectors.

"What has happened, says Nolan, is that many investments such as apartment and office buildings have given a slight boost to the sector.

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.

El Salvador Lost 5.000 Jobs in 4 Months

July 2010

Despite a mild recovery in some sectors, the economy has shredded 5.000 jobs in the first four months of the year.

Carlos Acevedo, president of the Central Bank of El Salvador (BCR), noted that the figure is an improvement when compared to the same period of 2009, when the economy lost 40,000 jobs.

Honduras will lose 50,000 jobs due to crisis

November 2008

The economic crisis will cause the loss of 50,000 jobs in 2008 and the situation could be worse next year.

"Exports have been decreasing for textiles as well as for shrimps, tilapia, and the construction industry is starting to contract," added Evelyn Bautista, an economist for the Honduran Council of Private Enterprises (COHEP).

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