Record High Unemployment in Costa Rica

Costa Rica's unemployment rate stands at 7.8%, after increasing three points in a year.

Thursday, October 29, 2009

The previous highest rate was recorded in 1985, when it hit 6.85%, according to data from the Planning Ministry.

"Not only has unemployment increased: the labor sub-utilization rate went from 11% in 2008 to 15% in 2009. We must also add one additional percentage point for subemployment (people working part-time, or full time with less pay)", reports Elfinancierocr.com.



More on this topic

Costa Rica: Unemployment Rises to 10.3%

May 2018

The unemployed population with respect to the labor force increased 1.2%, going from 9.1% in the first quarter of 2017, to 10.3% in the first quarter of 2018.

- The employment rate was 51.8%, while in the same period last year it was 54%.

Costa Rica: Unemployment Over 10%

May 2015

The unemployment rate in the first quarter reached 10.1%, causing increasing concern for the business sector, which every day is facing more obstacles to generate more and better jobs.

From a statement by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

Costa Rica Unemployment Rises to 9.7%

February 2015

The unemployment rate at the end of December 2014 increased to 9.7%, almost one and a half percent more than the 8.3% seen in the same month of 2013.

From a statement issued by the National Institute of Statistics and Census in Costa Rica (INEC):

The net participation rate for men and women was 75.4% and 48.5% respectively; while for men the same share has been maintained, in the case of women it decreased by 2.3 percentage points (pp), both in a year on year basis, which is attributed to the fall in the employment rate.

Historical Unemployment Rate in Panama

December 2012

The unemployment rate in Panama dropped to 4%, the lowest since numeral statistics have been kept, for over 40 years.

According to a Labor Market Survey conducted by the National Institute of Statistics and Census (INEC), the unemployment rate for August 2012 dropped to 4%, down 0.5% from the previous year when the rate of unemployed people was 4.5%.

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