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

Rybakina Rallies into Miami Open Semifinals and Sets Up Blockbuster Clash

Elena Rybakina produced the headline result at the Miami Open, fighting back from a set down to beat Jessica Pegula 2-6, 6-3, 6-4 and...

Costa Rica Hotels Expect High Occupancy for Easter Week

Costa Rica’s hotel sector is heading into Easter week with strong expectations, projecting average occupancy of 75% nationwide for the March 27 to April...

Costa Rica shuttles to Bocas del Toro run daily with WiFi and border help

Travelers heading from Costa Rica to Panama’s Bocas del Toro islands now rely on shuttle services that run twice daily. The comfortable vehicles come...

Costa Rica Launches First App to Identify Venomous Snakes

Costa Rica now has its first mobile app designed to help people identify venomous snakes and respond to bites. The Clodomiro Picado Institute at...

Costa Rica Travel Bookings Rise as U.S. Flyers Act Before Costs Climb

Travel demand to Costa Rica is rising right now in a way that reflects more than seasonal patterns. It also shows how travelers are...

Christina Aguilera explores Costa Rica’s La Paz Waterfall Gardens

The American pop star headlined the second night of the PICNIC Festival in Heredia on Saturday, March 21. She delivered a set of her...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica