Panama: Labor Supply Does Not Meet Demand

In job fairs convened by the State over the last two years only 35% of the job offers by companies were able to be filled.

Wednesday, July 27, 2016

The problem of a labor supply not matching the demands of the private sector persists in Panama, where companies have to invest time and money into order to cover the limitations of graduates of the public education system, which is putting a brake on development. 

See also: "Shortage of Talent in Guatemala" reports that "...Through the 27 job fairs convened by the Ministry of Labor and Workforce Development (Mitradel) in the last two years, 72,320 jobs were offered, however from this total, 25,312 people joined the labor market, only 35% of the vacancies offered by the private sector."

"... According to analysts of labor issues, the explanation is that many people who attend these job fairs convened by the State did not have a good enough education or enough years of experience in the labor market. "

Poor academic preparation falls particularly on young people, whose lack of work experience makes access to employment even more difficult. Figures from the General Comptroller indicate that   "... between 2009 and 2015, young people got only 1 out of every 16 new permanent jobs generated by the economy." 

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