Labor Supply Grows While Demand Drops

In Guatemala, employment is decreasing while the number of job seekers is increasing.

Wednesday, March 18, 2009

La Prensa Libre of Guatemala published recent data on the labor market in an article.

According to the consultancy firm Manpower, hiring for the second quarter is expected to be -1, meaning that more jobs will be lost than those that are created, and job requests have increased between 45% and 50% when compared to the same period in 2008.

In relation to the characteristics of the demand, a survey conducted in a recent job fair by AmCham Guatemala found that 18.3% of the job seekers were looking for administrative work, and 12.4% were looking for "whatever." Of the candidates, 39% had university studies and 11% were professionals.

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