American Expatriate Costa Rica

Indexes on the labor market in Costa Rica are developing in a negative enviroment

The 22nd Report on the State of the Nation warned that the indexes of the labor market in Costa Rica are taking place in an unfavorable and negative environment.

According to the analysis, the ‘new evidence’ confirms high unemployment, the impact of demographic trends, a modest creation of employment sources and an already common breach of the warranties.

There are specific concerns: modest job creation in the medium term and weak market to generate new jobs.

According to the figures, in 2014 the trade and service sector had 1,477,033 workers. However, 2 years later, that number was reduced by 110,524 people.

Employment will grow at the same pace as production, which is insufficient to create more and better opportunities. Currently, only 16% of employment is generated in key sectors, with strong production chains, while most of the employed people focus on activities weakly linked with the rest of the productive apparatus,

informed the report.

In addition, it is unlikely that the employment growth rates by level of qualification will vary because it is thought that the qualified employment will grow in a similar way to the unqualified one.

What worries the most are:

-High unemployment rates.
-Labor demand.
-Labor area.

crhoy.com