Nicaragua: Unemployment Grows in Construction

During the last year and half, there has been a 40% loss in employment in the formal sector, and of that figure, 20% was from this year.

Friday, July 3, 2009

Estimates from the Nicaraguan Chamber of Construction (CNC, acronym in Spanish), composed of 45 active companies, indicate that at least 15,000 people, mainly laborers and job supervisors, lost their jobs since the beginning of last year.

Gisella Canales interviews Mario Zelaya, president of the CNC, in her article on Laprensa.com.ni: “Small companies in the Chamber are the ones that are most affected, there are many of them and there are few projects. The biggest companies are more prepared for the crisis. There are some that have gone five or six month without getting projects. They haven’t closed, but they aren’t operating.”

More on this topic

The Wrong Recipe Against Unemployment

November 2017

In Costa Rica a law iniatiative pretends to force companies to have 25% of their workforce composed by young people aged between 17 and 24 years old.

EDITORIAL 

The problem of unemployment that affects thousands of young people in Costa Rica and the Central American countries will not be solved simply by forcing private companies to hire a certain proportion of young employees, regardless of their qualifications and skills, or even worse, without considering whether there is an actual need for hiring or not.

Costa Rica: Unemployment Over 10%

May 2015

The unemployment rate in the first quarter reached 10.1%, causing increasing concern for the business sector, which every day is facing more obstacles to generate more and better jobs.

From a statement by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

Unemployment Stands at 7.1% in El Salvador

October 2011

Almost 30% of the economically active population is underemployed.

The Salvadoran government has announced that the unemployment rate reached 7.1% in July. While the figure is less than in the U.S., where 9.1% of active people can not find work, it is in line with the level of unemployment in other countries in Central America.

Construction Industry Shrinks 38% in Honduras

April 2010

The Central Bank of Honduras also reported that 40.000 jobs have been lost in this sector of the economy.

Juan Carlos Sikaffi, president of the fair “Expo Construction 2010” (Expo Construye), blamed the global financial crisis.

He also commented on other problems: “the government owes constructors $69 million (1.300 million lempiras), and President Porfirio Lobo received the country in bad financial shape, and has so far been unable to invest anything in construction”.

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