8% of Panamanian companies expect to increase their payrolls, 85% do not foresee changes and 6% anticipate a reduction.
From a report by the ManpowerGroup:
Comparison by Region
In the 3rd quarter of 2018, growth in hiring intentions is foreseen in two regions, Panama City and the Central Provinces, both with a Net Employment Outlook of + 6%. Meanwhile, Colón and Occidente report trends of 0%.
Costa Rican employers report favorable hiring plans for the third quarter of 2018. 13% of employers expect to increase staffing levels, 4% anticipate a decrease, 82% forecast no change and 1% don’t know.
After the 3% decrease reported in the number of work contracts between the first quarter of 2017 and the same period this year, data accumulated up to April registered a 2% increase.
The Office of the Comptroller General of the Republic reported that between the first four months of 2017 and the same period this year, labor contracts registered at the national level grew by 1.6%, from 145,077 to 147,435.
For the third quarter of the year, 10% of companies in Guatemala plan to increase their hirings and 85% believe they will not make any changes.
ManpowerGroup presented the Employment Expectations Survey corresponding to the III Quarter of the year, and highlighted in the results is the fact that 4% of companies consultedforesee that staff reductions will be made in the coming months.
In addition to the fall of 2% reported in March, the affiliation of 878,500 social security workers was recorded in April, 4% less than the number reported in the same month in 2017.
The Central Bank of Nicaragua (BCN) reported that according to the administrative records of the INSS, they indicate that between the months of April 2017 and 2018, the number of insured persons decreased from 914,276 to 896,869 workers, which is equivalent to a fall of 3.9%.
Between 2016 and 2017, the Metropolitan Area of San Salvador registered a slight increase in the unemployment rate, rising from 6.8% to 7.5%.
According to the Multiple Purpose Household Survey for 2017, the unemployment rate "...By age ranges, unemployment among young people (16 to 24 years old) is 14.4%, among people aged 25 to 59 it is 5.1%, while for those over 59 it is 5.9%."
In the first quarter of 2018, the manufacturing and services sectors recorded falls of 4,000 and 7,000, respectively, in the monthly average number of affiliates to the social insurance scheme compared to 2017.
One example of the contraction observed in industrial activity is what occured in free zones.The Association of Private Free Zones of Guatemala explained that due to the closure of more than one hundred companies, some 1,500 jobs have been lost.
During the third month of 2018, the affiliation of 896,869 social security workers was registered, 1.5% less than was reported in March 2017.
The Central Bank of Nicaragua (BCN) reported that according to the administrative records of the INSS, in March the number of insured people was 896,869 workers, which is equivalent to a 1% drop compared to February 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%.
In the first quarter of the year, 69,291 work contracts were registered, which is equivalent to a fall of 3% compared to the 71,043 contracts reported in the same period in 2017.
The Ministry of Work and Labor Development reported that between the first quarters of 2017 and 2018, permanent contracts were the only types that registered an increase, rising from 17,804 to 19,117.
Four out of ten companies that operate outside the formal market are more than 15 years old, which reflects the fact that for many of them, informality is not something transitory, but permanent.
A study by the Costa Rican Union of Chambers and Associations of the Private Business Sector (Uccaep) revealed that one of the main reasons why many business units that operate in the informal sector decide to continue doing so is the high cost of social charges.
It is estimated that between 2015 and 2020, Panama will need to hire around 68,000 employees with technical specialties, and the logistics sector will be the leader in the demand.
According to a labor market study carried out by the Ministry of Labor and Labor Development (Mitradel), estimates for from demand companiesfor technical personnel is high, with the logistics, industry, tourism, agriculture and construction sectors being those that most need staff with these capabilities.
In 2017, 35,055 employers registered with the Nicaraguan Social Security Institute, which represents an increase of 7% compared to the 32,744 reported in 2016.
According to the Social Security Statistical Yearbook, last year " ...
Last year, economic activity and employment generation continued to rise, cumulative inflation reached 5.7% and international reserves were strengthened.
From a statement issued by the Central Bank of Nicaragua:
Local authorities reported that during the first month of 2018 there were 911,104 workers affiliated in the social security scheme, 2.4% more than was reported in January 2017.
The Central Bank of Nicaragua (BCN) reported that the "...
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