Hotels & Trade: Recruitment Increases

Between the first half of 2018 and the same period in 2019, the number of people employed by hotels and wholesale businesses in Panama grew by 2% and 0.5%, respectively.

Friday, September 27, 2019

The Quarterly Economic Survey (EET), elaborated by the General Comptroller of the Republic, specifies that in terms of the economic activities of Manufacturing Industries, the variation for the periods in question was -2.4%, Retail Trade of -3.3% and Some Services of -3.3%.

The TUS explains that "... From January to June 2019, in comparison with the previous year, the economic activities that registered positive variations in Paid Remunerations were: Wholesale Trade 5.2%, Hotels and Restaurants 4.4%, Manufacturing Industries 1.6%; while Retail Trade and Some Services decreased by 0.3% and 1.3%, respectively.

Total Income reflected an increase in Wholesale Trade of 0.7%; however, the rest of the economic activities registered negative variations such as: Manufacturing Industries 0.2%, Retail Trade 0.3%, Some Services 0.4% and Hotels and Restaurants 2.0%.

In the TUS, the Personnel Employed in the Manufacturing Industries, at the level of the Republic, from January to June 2019, compared to 2018, presented a 2.4% decrease, reaching an average of 72,118 people employed, of which 50,744 were concentrated in the province of Panama and 21,374 in the Rest of the Country
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More on this topic

Costa Rica: Commercial Sector Generates Fewer Jobs

September 2019

In the last two years, the number of jobs generated by companies in this sector has fallen 7%, because of the slowdown in the country's economic activity.

According to information from the National Institute of Statistics and Census (INEC), between the second quarter of 2017 and the same period of 2019, the number of jobs in the commercial sector was reduced by 28,621, from 386,597 to 357,976.

Nicaragua: Decline in Formal Employment Gets Steeper

August 2018

In line with the year-on-year falls of 2%, 4% and 7% reported in March, April and May, in June 810,430 workers were registered as enrolled in the social security scheme, 12% less than was reported in the same month in 2017.

In relation to the performance of the sectors, the Central Bank of Nicaragua (BCN) reported that in year-on-year terms, most of the activities registered decreases, except for the manufacturing industry activities, and electricity, gas and water, which recorded increases of 1.4% and 0.2%, respectively.

Panama: Labor Contracts Up 21%

February 2018

In January 2018 the Ministry of Labor registered 24,508 labor contracts, 21% more than those reported in the same month in 2017.

The economic activity that registered the highest number of contracts in January 2018 was construction with 9,848, followed by wholesale and retail trade that added 5,201, and thirdly, administrative activities and support services with 2,648.

Panama: Employment, Wages and Incomes by Sector

April 2016

Quarterly economic indicators of staff employed, wages and total revenue in the sectors of Manufacturing, Wholesale Trade, Retail, Hotels and Restaurants and Other Services.

From a report produced by the National Institute of Statistics and Census of Panama:

During the period covering January to December 2015, compared to the same period in 2014, the economic activities that showed increases in the average number of staff employed were: Manufacturing with 0.5%, Wholesale Trade 3.8%, and Retail with 2.8%. Hotels and Restaurants and Other Services decreased by 3.6 and 0.7%, respectively.

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