Panama: Job Hiring Up 5%

Between January and December hiring by the private sector went up by 5% compared to the previous year, driven by fixed term contracts, which grew by almost 9%.

Friday, January 27, 2017

Figures from the Ministry of Labor and Workforce Development (Mitradel) show that in 2016 290,367 new contracts were signed, of which 114,553 were for fixed term contracts, 81,265 were permanent contracts and the rest were for specific works.

The month in which where there were fewest additions to the payroll was November with 19 thousand 480 contracts, while in April the largest number of labor agreements were signed; in total there were 28 thousand 238 contracts. Per sector, the construction sector is still signing the largest number of contracts. In 2016 almost 40% of contracts signed were in this sector.

In construction alone, 180,000 contracts were signed, followed by the trade sector with 65,558 contracts signed.

See figures by the Mitradel. (In Spanish) 

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More on this topic

Panama: Labor Hiring Drops 16% in 2019

February 2020

Last year, 216,198 work contracts were registered in the country, 16% less than the figure reported in 2018.

Reports from the Ministry of Labor and Labor Development detail that between 2018 and 2019, the types of indefinite contracts registered a decrease, falling from 70,000 to 54,000.

Panama: Labor Hiring Falls to 16%

January 2020

From January to November last year, 201,466 work contracts were registered in the country, 16% less than the figure reported in the same period in 2018.

Reports from the Ministry of Labor and Labor Development detail that between the first eleven months of 2018 and the same period in 2019, the types of indefinite contracts registered a decrease, falling from 66,472 to 50,843.

Growing Demand for Labor in Panama

October 2013

Between January and August 2013 there were 183,562 employment contracts, of which 69,830 were for an indefinite period and 59,763 for fixed work.

The Economic activities which report the most amount of contracts in that period were hotels and restaurants, manufacturing, service, finance and insurance, transport, storage and mail, information, communication, and others, according to the Ministry of Labour and Development (Mitradel) .

Rise in Employment Contracts in Panama

September 2013

Between January and July 2013 there were 159,866 new labor contracts, marking a growth of 14%.

The data was provided by the Ministry of Labor and Workforce Development.

"37% of the contracts were permenant, 29% temporary and the rest were for projects that had a fixed completion date," reported Prensa.com.

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