Panama: Labor Contracts Up 21%

In January 2018 the Ministry of Labor registered 24,508 labor contracts, 21% more than those reported in the same month in 2017.

Friday, February 9, 2018

The economic activity that registered the highest number of contracts in January 2018 was construction with 9,848, followed by wholesale and retail trade that added 5,201, and thirdly, administrative activities and support services with 2,648.

From a statement issued by the Ministry of Labor and Labor Development:

The employment contracts registered with the Ministry of Labor and Labor Development (MITRADEL), at its headquarters in Panama City during the month of January 2018, totaled 24,508, according to a report from the Statistics Department of this institution.

This figure represents an increase of 4,272 more work contracts compared to the 20,236 registered in this same period in 2017. In percentage terms, the increase is 21.11% according to the report. 

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Panama: Labor Hiring Falls to 15%

November 2019

From January to October of this year, 188,015 work contracts were registered in the country, 15% less than the figure reported in the same period of 2018.

The reports of the Ministry of Labor and Labor Development detail that between the first ten months of 2018 and the same period of 2019, the types of indefinite contracts registered a decrease, falling from 62,635 to 47,234.

Labor Hiring Falls 12% up to June 2019

July 2019

During the first six months of the year, 116,187 work contracts were registered in Panama, 12% less than the figure reported in the same period in 2018.

The latest report of the Ministry of Labor and Labor Development details that between January and June 2018 and the same period in 2019, the types of indefinite contracts registered a decrease, falling from 38,436 to 28,845.

Less Labor Contracts in Panama

May 2018

In the first quarter of the year, 69,291 work contracts were registered, which is equivalent to a fall of 3% compared to the 71,043 contracts reported in the same period in 2017.

The Ministry of Work and Labor Development reported that between the first quarters of 2017 and 2018, permanent contracts were the only types that registered an increase, rising from 17,804 to 19,117.

Panama: Labor Hiring Down 2%

January 2018

The fall recorded in employment contracts signed between 2016 and 2017 contrasts with the increase of 5% reported between 2015 and 2016.

According to figures from the Panamanian Ministry of Labor and Labor Development, from January to December 2017, 283,358 contracts were registered at the entity's headquarters, of which 122,169 were for a fixed term, 85,573 for specific works and 75,616 for an indefinite period.

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