Job Creation in Guatemala Down 52%

Between July 2011 and July 2012, Guatemala created 29,494 jobs, figure that dropped to 19,437 between 2012 and 2013.

Monday, October 14, 2013

The Association for Research and Social Studies (ASIES) has presented the results of the 57 Enterprise Survey, which measures perceptions of employers in the metropolitan area regarding the main economic variables which influenced its activities up to July 2013.

The main results show that production by companies from July 2012 to July 2013 decreased, according to 41 % of respondents . Regarding the January survey , the balance of opinion of this variable fell 3 points , which is mainly attributable to lower demand for goods and services by consumers. In this situation , 61 % of employers indicated that interannual employment levels remained unchanged because of the reduction in production and income. Investment in machinery and equipment was also affected because of the decline in corporate profits .

More on this topic

Guatemala: Low Expectations for the Second Half of Year

July 2011

According to the 49th business survey from the Association of Social Studies and Research, the pattern of production and employment shows that economic growth has not been strengthened.

“Presentation of results of the 49th. Business Association Survey Research and Social Studies (ASIES) to April 2011.

29.000 Jobs Lost in Guatemala

September 2009

Asies latest business survey reveals the loss of 29.000 jobs between July 2008 and July 2009.

Out of the 914 companies who participated in the survey, 7% reduced their installed capacity.

"68% of the companies reduced their production, 15% increased it and for the remaining 17%, it remained unchanged" explained Violeta Hernández, Asies consultant.

Job creation slows in Guatemala

June 2008

Employers are less optimistic about contracting workers for the next three months.

At the same time, the work is still available for those prepared to look for it.
These are the conclusions of the report "Survey of Employer Expectations" which was released by the multinational Manpower, a company that recruits, selects, contracts, evaluates, trains and consults in human resources.

Attracting capital is difficult

June 2008

We must attract more investment to generate more economic growth.

Much of the discussion has been directed toward attracting more physical investment or specified productive projects. The quest for encouraging concessions, which the last Government carried out, is one example.

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