Honduras: Emergency Situation Due to Low Job Creation

Because the private sector believes that the conditions to formalize companies and generate new jobs do not exist, the employers are urging the government to declare an emergency due to the unemployment situation.

Friday, January 17, 2020

It is estimated that only 33,000 new jobs were generated in the country last year, which includes jobs in companies and government institutions.

Gustavo Solórzano, legal advice manager at the Honduran Private Enterprise Council (Cohep), told Laprensa.hn that "... an emergency can be declared today in Honduras, an emergency because of lack of employment. Just last year, 16,925 jobs were generated by the private sector and nearly 16,100 by the public sector."

Cohep's executive director, Armando Urtecho, explained that in the country "... there are no adequate conditions for the private sector to formalize businesses and jobs."

This request is made in a context of falling business expectations, since as of December 2019 the Economic Activity Confidence Index registered a 33% decrease compared to what was reported at the end of 2018.

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