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

El Salvador Permits Life Sentences Starting at Age 12

Salvadoran President Nayib Bukele signed reforms into law that permit life prison sentences for people convicted of serious crimes starting at age 12. The...

Costa Rica Real Estate Escrow Rules Explained for Foreign Buyers

There is a big difference between an escrow contract and a trust contract. In the escrow contract one party places certain funds in the...

Costa Rica Takes in Second Group of Deportees from the United States

Costa Rica received its second group of deportees from the United States on Friday confirming that a controversial third-country removal program is now operating...

Costa Rica Activists Rally Against Bahía Papagayo Plan to Cut 700 Trees

Opposition to the Bahía Papagayo development in Playa Panamá is intensifying after SINAC authorized tree cutting in the project area. The citizen group Salvemos...

Nicaraguan Exiles Demand Justice on Eighth Anniversary of 2018 Protests

Nicaraguans living in exile in Costa Rica and the United States gathered this weekend to demand justice for victims of the 2018 protests and...

Costa Rica Sees Increase in Reckless Driving Cases on Major Highways

Costa Rican prosecutors are warning about a rise in reckless driving on some of our country’s busiest roads, saying the pattern is feeding more...

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel