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 Prensa.com. 

See report by the Comptroller's Office.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

CentralAmericaData is the leading B2B market research company in Central America. We specialize in compiling, validating and analyzing data from the economic activities in Central American and South American countries, along with Mexico. We provide our clients and companies with presence in the region relevant information to define business strategies and make adequate decisions. Learn more about our services here



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%.

 close (x)

Receive more news about Employment

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Feb 17)
Brent Crude Oil
57.43
Coffee "C"
111.35
Gold
1,581
Silver
17.76