Panama: 2018 Job Hiring Expectations

13% of Panamanian businesses reported that for the first quarter of 2018 they plan to increase their payrolls, a percentage that is identical to that registered in the same quarter of 2017.

Thursday, December 14, 2017

According to data from the "Employment Expectations Survey" by ManpowerGroup, in the first three months of 2018, 13% of Panamanian employers plan to increase their staff payrolls, 78% think that they will not make changes, 7% plan to reduce them, and 2% do not know if will make any changes.

In Panama City is where the greatest amount of labor hiring is expected, registering a net employment trend of 8%. In the province of Colón it is estimated that the figure will reach 3%.   

Employers in the services sector maintain the best hiring expectations for the beginning of next year, foreseeing a net employment trend of 15%, followed by communications and transportation with 9%, agriculture 8% and trade with 5%.   

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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

September 2018

For the fourth quarter of 2018, 10% of companies in the country expect to increase their payrolls, 85% do not foresee changes and 4% anticipate a reduction.

From a report by the ManpowerGroup :

Employers in five regions foresee an increase in their workforce during Q4 2018. Employers in Heredia report the strongest hiring intentions with a Net Employment Outlook of + 11%. On the other hand, employers in San José and Cartago report a moderate hiring activity with Trends of + 9%, while the Tendency for Alajuela is located at + 8%. Employers in Guanacaste anticipate a slight increase in their workforce with a Trend of + 4%, however, in Puntarenas & Limón, hiring levels are expected to fall, reporting a Trend of -3% 

Labour Market Expectations in III Quarter

June 2018

8% of Panamanian companies expect to increase their payrolls, 85% do not foresee changes and 6% anticipate a reduction.

From a report by the ManpowerGroup:

Comparison by Region

In the 3rd quarter of 2018, growth in hiring intentions is foreseen in two regions, Panama City and the Central Provinces, both with a Net Employment Outlook of + 6%. Meanwhile, Colón and Occidente report trends of 0%.

Expectations for Job Hires in 2018

December 2017

For the first quarter of 2018, 24% of companies in Costa Rica expect to increase their payrolls, 71% do not foresee changes and 4% anticipate a reduction.

From the ManpowerGroup report: 

Comparative by Region

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