For the first quarter of 2019, 12% of companies in Costa Rica expect to increase their payrolls, a figure that exceeds the 10% reported for the fourth quarter of 2018.
ManpowerGroup reported that Costa Rican employers report moderate hiring plans for the following quarter. The 12% of employers expect an increase in their workforce, 6% expect a decrease and 76% remain unchanged, resulting in a Net Employment Trend of +6%.
For agricultural businessmen, the proposal to change the minimum wage discussed nationwide jeopardizes the jobs and incomes of about 500,000 people working in agriculture.
In the first quarter of next year, 14% of the business sector in Guatemala plans to increase its contracting, mainly in the construction, services and manufacturing sectors.
From the ManPowerGroup report:
Guatemalan employers report positive hiring plans for the next quarter, with 14% of employers expecting to increase their workforces, 4% anticipating a decrease and 82% remaining unchanged, resulting in a Net Employment Trend of +10%.
Between August 2017 and the same month in 2018, the rate of open unemployment in the country rose from 4.8% to 4.9%, and Colon and West Panama were the provinces where the highest levels of unemployment were registered.
According to the latest Labor Market Survey, compiled by the General Comptroller, the percentage of open unemployment increased from 4.8 in August 2017 to 4.9 in August this year. For women their percentage remained constant at 6.3, and for men an increase of 0.2 percentage points was observed, from 3.7 to 3.9.
Although new jobs will emerge, technological changes will have a strong impact in the Central American region, where there is a high proportion of jobs with a high risk of automation.
According to forecasts made by the Inter-American Development Bank (IDB), in 2018 it was estimated that 75% of workers in Guatemala and El Salvador are in high-risk automationjobs. In Costa Rica the proportion is 68%, in Panama and Nicaragua 65%, and in the Dominican Republic 62%.
In Guatemala, the law regulating part-time work has already been reviewed by the Attorney General's Office and awaits the approval of the Council of Ministers.
Although in August 2017, the Morales administration had planned to approve the law before February 2018, the process has been lengthening, and a government agreement must be issued for it to take effect.
Poor mathematical skills and limited English language proficiency are the main weaknesses reported by young people seeking to develop in the labor market in El Salvador.
An analysis by the Salvadoran Foundation for Economic and Social Development (Fusades), details that, in general terms, the labor market segment made up of young people shows strong and weak areas.
Between January and October, 222.000 work contracts were registered in Panama, 4% less than the 232.000 contracts reported during the same period in 2017.
According to figures from the Ministry of Labor and Labor Development, between the first ten months of 2017 and the same period in 2018, the indefinite contracts registered a slight increase, rising from 62,284 to 62,635.
In the third quarter of 2018, the unemployment rate was the same as in the same period of the previous year, at 10.2%, and the percentage of employed people in informal employment was 45%.
The National Statistics and Census Institute (INEC) reports that for the third quarter of 2018, the net labor participation rate was 61.1%, increasing 1.7% over the same period last year. The population in the national labor force was 2.38 million people, with a statistically significant increase of 98 thousand people compared to the third quarter of last year.
Due to the political and social crisis that Nicaragua is experiencing, between April and August of this year, around 116,000 employees have stopped contributing to Social Security.
Official figures from the Nicaraguan Social Security Institute (INSS) detail that between April, the month in which the political and social crisis occurred, and August, 115,978 employees have stopped paying their social security contributions.
For the fourth quarter of 2018, 10% of companies in the country expect to increase their payrolls, 85% do not foresee changes and 4% anticipate a reduction.
From a report by the ManpowerGroup :
Employers in five regions foresee an increase in their workforce during Q4 2018.Employers in Heredia report the strongest hiring intentions with a Net Employment Outlook of + 11%.On the other hand, employers in San José and Cartago report a moderate hiring activity with Trends of + 9%, while the Tendency for Alajuela is located at + 8%.Employers in Guanacaste anticipate a slight increase in their workforce with a Trend of + 4%, however, in Puntarenas & Limón, hiring levels are expected to fall, reporting a Trend of -3%
In the fourth quarter of the year, 16% of the business sector plans to hire more workers, mainly in the construction, agriculture and services sectors.
From a report by the ManpowerGroup:
Guatemalan employers report optimistic hiring plans for the next quarter, with 16% of employers expecting to increase their workforce, 3% foreseeing a decrease and 81% not anticipating changes, resulting in a Net Employment Outlook of + 13%.
In Honduras, the goal that companies in the sector have set is to create 15,000 jobs in 2018, and the number of posts generated from January to August adds up to 11,234.
According to figures from the Honduran Maquila Association (AHM) at the end of 2017 the number of positions in companies in the sector totaled 145,595, and the goal they have set is to end 2018 with 160,000 people working in maquilas.
In the first eight months of the year, the authorities registered 179,000 work contracts, 4% less than the 186,000 contracts reported in the same period in 2017.
According to figures from the Ministry of Labor and Labor Development between the first eight months of 2017 and the same period in 2018, the types of permanent contracts registered an increase, rising from 49,849 to 51,598.
In Guatemala between May 2017 and the same month in 2018, trade and services companies led the generation of new formal jobs, with 11,000 and 10,000 new positions, respectively.
According to figures from the Guatemalan Social Security Institute, the number of contributors in general has not changed significantly, since in May of this year 1,334,527 registered workers were counted, exceeding by just 0.3% the 1,329,656 employees registered up to the fifth month of 2017.
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