Panama: Hiring Expectations Do Not Rebound

For the fourth quarter of 2019, 11% of companies in the country expect to increase their payrolls, which is less than the 13% recorded in the same period of 2018.

Thursday, September 12, 2019

Panamanian employers report slight hiring expectations for the last quarter of 2019. The 11% anticipates an increase, 6% anticipates a decrease and 81% does not foresee changes, resulting in a Net Employment Trend of +5%, explains the Manpower report.

The document states that "... Employers in two of the four regions anticipate an increase in their workforces over the next three months. The strongest labor market is expected in the West, where the Net Employment Trend stands at +9%. Some hiring is expected in Panama City with a +6% trend. However, employers in the Central Provinces and Colon expect to decrease their workforces, reporting Trends of -6% and -3%, respectively.

Employers in four of the six sectors expect to increase their workforces during the next quarter. The strongest hiring pace is anticipated by Service employers, who report a Net Employment Trend of +10%. A moderate hiring pace is also anticipated in Construction and Communications & Transportation with Trends of +8%. Manufacturing employers expect slow hiring activity, reporting a +3% Trend, while weak labor markets are reported in Commerce and Agriculture, Fisheries, Mining & Extraction, where Trends stand at -1%
."

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More on this topic

Recruitment Expectations Not Improving by 2020

December 2019

For the first quarter of 2020, only 10% of companies in Panama expect to increase their payrolls, a proportion that is slightly lower than the 11% recorded in the same period of 2018.

Panamanian employers report slow hiring plans for the January-March period, with 10% of employers expecting to increase workforces, 10% anticipating a decrease and 75% remaining unchanged, resulting in a Net Employment Trend of 0%, reported Manpower.

Costa Rica: Hiring Expectations Go Down

December 2019

For the first quarter of 2020, 7% of the companies consulted plan to reduce their payrolls, and only 10% plan to increase them.

Employers in Costa Rica report slow growth in their hiring plans for the first quarter of 2020. According to Manpower, 10% of companies are contemplating an increase in their workforce, 7% anticipate a decrease and 82% remain unchanged.

Improved Hiring Expectations

June 2019

For the third quarter of 2019, 10% of companies in Panama expect to increase their payrolls, slightly above the 8% recorded in the second quarter of the year.

Panamanian employers report cautious hiring intentions for the next quarter, with 10% of employers expecting to increase their workforces, 8% anticipating a decrease and 76% remaining unchanged, resulting in a Net Employment Trend of +2%, reports Manpower in its quarterly study.

Guatemala: Stable Hiring Expectations

March 2019

As reported for the first three months of the year, for the second quarter of 2019 14% of companies in the country expect to increase their payrolls.

Guatemalan employers report moderate hiring plans for the second quarter of 2019, with 14% of employers hoping to increase their workforces, 4% expect a decrease and 82% do not expect changes, reported Manpower.

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