Panama: Labor Hiring Drops 16% in 2019

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

Thursday, February 27, 2020

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.

The ministerial reports explain that fixed-term contracts also registered a decrease for the periods in question, falling from 112,824 to 101,443, and in the case of fixed-term contracts they fell from 74,505 and 60,564, respectively.

Regarding the proportion of temporary employment contracts, which takes into account those of a defined type and for completed work, they increased their proportion of the total for the periods in question, rising from 71% in 2018 to 75% in 2019.

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More on this topic

Labor Recruitment Starts Down in 2020

March 2020

During January of this year 30,270 work contracts were registered in the country, 11% less than the figure reported in the same period in 2019.

The reports of the General Comptroller of the Republic detail that between the first month of 2019 and the same period of 2020, the types of defined contracts registered at the headquarters of the Ministry of Labor decreased from 8,730 to 7,094.

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.

Labor Hiring Fails to Improve in Panama

October 2019

From January to August of this year, 267,235 employment contracts were registered nationwide, 9% less than the figure reported in the same period of 2018.

The reports of the General Comptroller of the Republic detail that between the first eight months of 2018 and the same period of 2019, the types of contracts defined registered a decrease, falling from 128 thousand to 124 thousand.

Labor Hiring Fell 7% in 2018

February 2019

During last year, 258,000 work contracts were registered in Panama, 7% less than the 278,000 reported in 2017, and the decline is mainly due to the decrease in temporary contracts.

Data from the Ministry of Labor and Labor Development detail that between 2017 and 2018, the types of indefinite contracts registered a slight decrease, falling from 73,896 to 70,637.

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