The Labor Force that Panama Needs

Between 300 thousand and 500 thousand professionals in different areas are estimated to be needed in order to cover the jobs that could be generated in the next ten years.

Thursday, September 28, 2017

Panama's economic growth potential can not be fully developed if the necessary conditions are not developed, one of which is the quality of the labor supply.  

Projections from the High Commission for Employment indicate that between 300,000 and 500,000 professionals will be needed, and "... the closest projection for 2020 made by this commission indicates that in activities such as agriculture, industry, construction, trade, tourism and logistics, demand for employment will be 232 thousand 289 people, of whom 25,393 correspond to professionals, 159,141, to technicians, and 47,756, to unskilled workers."

In this context, the role of universities in the development of their academic programs is fundamental.  Martesfinanciero.com reports that "...The rector of the University of Panama (UP), Eduardo Flores, says that universities are at a crossroads.  On the one hand there are the demands and competencies of the labor market, and on the other, the fulfillment of the requirements demanded by a high level subject.  'Sometimes the market demands specific requirements, but students must be trained with a basic academic structure capable of making them flexible, because the market and the demands are so changeable. That is why we are appealing for strong, innovative and visionary academic training. "

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