No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessCosta Rica unemployment reaches 10.1 percent

Costa Rica unemployment reaches 10.1 percent

Unemployment in Costa Rica reached 10.1 percent in the first quarter of this year, a slight increase over the same period last year, the National Statistics and Census Institute (INEC) reported Tuesday.

According to INEC, 232,000 people were unemployed in the first three months of 2015, similar to 2014, although the unemployment index rose 0.3 percentage points.

Male unemployment reached 8.8 percent while female unemployment was 12.3 percent during the first quarter of 2015, INEC reported.

At the same time, individuals working fewer hours than they would like make up 12.9 percent of the labor force.

Labor Minister Víctor Morales and Economy Minister Welmer Ramos said Tuesday at the weekly government press conference that unemployment is concentrated in the commercial sector, with 73,000 jobs lost during the first quarter, followed by the transport sector, with 20,000. Morales said the government planned to meet with business leaders this week to study the problem and seek solutions.

The government has identified unemployment as one of its principal economic concerns and has launched initiatives aimed at attracting investment in order to create jobs, especially for youth and women. President Luis Guillermo Solís is currently touring U.S. cities in search of investment to generate employment, principally in high technology sectors.

Trending Now

Possible Archaeological Find in Costa Rica Delays Water Project

A long-awaited project to bring piped drinking water to Isla Caballo has hit another delay after crews uncovered ceramic pieces, shells and fossil material...

The Panama Canal Opened 112 Years Ago Today

Twelve years of digging, an estimated 27,500 deaths and roughly $375 million ended quietly on the morning of August 15, 1914, when a single...

Argentine Thiago Tirante Extends Dream Cincinnati Run Into Quarterfinals

Thiago Agustín Tirante’s breakthrough week at the Cincinnati Open continued Wednesday as the Argentine rallied past Jakub Mensik to reach the first ATP Masters...

Costa Rica’s Maleku Chocolate Wins International Bronze Medal

A 70% dark chocolate grown, fermented and finished entirely in Costa Rica has earned international recognition for its Guanacaste-based producer.

Family Demands Answers on Missing Political Prisoners in Nicaragua

Relatives of a retired military officer and his wife, who were detained a year ago in Nicaragua, demanded Saturday that the government of Daniel...

Costa Rica’s Corcovado Faces Ranger Shortage and Environmental Crime

Concerns are growing over Costa Rica’s ability to protect Corcovado National Park as park rangers contend with illegal gold mining, poaching, logging, illegal fishing...

Costa Rica Bets on Dental Tourism to Draw Higher Spending Visitors

Five dental clinic groups received a new certification this month aimed squarely at foreign patients, the clearest signal yet that Costa Rica intends to...

One of Costa Rica’s Must-Do Trips: The Water Taxi from Sierpe to Drake Bay

There are some trips in Costa Rica where the journey is every bit as memorable as the destination. The water taxi from Sierpe to...

Paulo Wanchope expected back at Herediano for a third spell in charge

The former Manchester City and West Ham striker is reported to be closing an agreement to take over at Herediano, a job he has held twice before. The club has not announced it.
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel