Unemployment in Costa Rica is Still Falling

During the February to April 2021 quarter, the unemployment rate rose to 17.3%, a level that is lower than the 18.7% reported during the first three months of the year, a decrease that is reported in the context of the economic reactivation.

Thursday, June 3, 2021

For the quarters between February, March and April 2020 to the last available quarter, the country has experienced significant impacts in the main indicators, as a result of a higher participation of people and greater access to the labor market due to the lifting of some sanitary measures arising from the Covid-19 sanitary emergency, informed the National Institute of Statistics and Census.

Check out the "System for monitoring markets and economic situation in the countries of Central America", prepared by CentralAmericaData.

The report details that the labor participation rate in this quarter February, March and April 2021 is maintained compared to the same mobile quarter of 2020. The net participation rate was 60.5%, unchanged compared to the mobile quarter of the previous year (60.8%). By sex, labor participation for men was 72% and for women was 48.8%.

"The percentage of employed persons compared to the population of 15 years old and over was 50.0%, unchanged compared to the previous year's mobile quarter (51.2%). The employment rate for men was 62.7% and for women it was 37.2%", highlights the official document.

The national unemployment rate was 17.3%, compared to the same quarter of the previous year, statistically increasing by 1.6 pp. Women present a higher unemployment rate than men; 23.8% and 12.9% respectively, according to the report.

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Costa Rica: Unemployment Rate Falls to 18.5%

April 2021

For the mobile quarter from December 2020 to February 2021, the unemployment rate in the country decreased to 18.5%, a proportion that is slightly lower than the 19% reported for the period from November to January last year.

In this quarter, the unemployed population was 452 thousand people, an increase of 142 thousand people compared to the same mobile quarter of the previous year, informed the National Institute of Statistics and Census (INEC).

Unemployment Rate Closes 2019 at 12.4%

February 2020

Between the third and fourth quarters of 2019, the open unemployment rate in Costa Rica rose from 11.4% to 12.4%, partly because of the increase in women's unemployment.

In a year-on-year comparison, the National Institute of Statistics and Censuses (INEC) report states that the national unemployment rate for the fourth quarter of 2019 remains unchanged from the fourth quarter of 2018 at 12.4%.

Costa Rica: Unemployment Rate Goes Up to 11.9%

August 2019

From April to June of this year, the unemployment rate stood at 11.9%, higher than the 11.3% reported in the first quarter of 2019.

For the second quarter of 2019, there was a significant increase in the net labor participation rate of 63%, with a 2.1 pp. increase over the same period of the previous year.

Unemployment does not Decrease in Costa Rica

May 2019

From January to March of this year, the unemployment rate stood at 11.3%, unchanged from the same period in 2018, and registering a slight reduction of less than 1% with respect to the fourth quarter of last year.

In this first quarter of 2019, 276,000 people were unemployed, and 47,000 more actively sought employment and did not find it compared to the first quarter of 2018.