Panama: Labor Contracts Up 3%

At the end of the first quarter, there were 71,043 new employment contracts, 3% more than in the same period in 2016.

Friday, May 5, 2017

The latest report by the Comptroller General of the Republic states that in March, 28,355 new labor contracts were registered with the Ministry of Labor, 22% more than in March of the previous year. 

The March figure is the highest in the last 27 months.  Most of the outsourcing contracts closed in the third quarter are in the construction sector, according to 

See report by the Comptroller's Office.

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More on this topic

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 Contracts Up 21%

February 2018

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

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.

Panama: Job Hires Down 4%

November 2017

Between January and September, 327,000 work contracts were registered, 4% less than the 341,000 reported in the same period in 2016.

Data from a report by the Comptroller General of the Republic corresponding to the period January - September shows that with respect to the same period in 2016, defined contracts fell by only 0.3%, those for specific projects fell by 12.7%, and indefinite contracts were reduced by 13%.

Panama: Labor Recruitment Figures up to April 2017

June 2017

Between January and April 91 thousand work contracts were registered, 6% less than the 97 thousand reported in the same period in 2016.

Data in the report for the first quarter by the Comptroller General of the Republic indicates that with respect to the same period in 2016, fixed term contracts increased by 3.9%, those for specific pieces of work decreased by 3.6%, and indefinite contracts were reduced by 21%.

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