No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeNewsCosta RicaCosta Rica unemployment falls but remains at historic levels

Costa Rica unemployment falls but remains at historic levels

Unemployment in Costa Rica was 21.3% in the moving quarter from September to November, a historically high level as a result of the pandemic, although the figure is slightly lower than the immediately preceding quarter.

The index continued the slight improvements characterized by recent months. From August to October, unemployment was 21.9%, according to the National Institute of Statistics and Census (INEC).

At the same time, the most recent data represent an unemployment rate that is 8.8 percentage points larger than during the same period in 2019, the INEC indicated.

The agency pointed out that unemployment especially affects women — 28.1% unemployment, compared to 16.8% for men.

Unemployment in Costa Rica was 12% in March 2020, one of the highest levels recorded by the country to date, but it soared to 24% in the May-July quarter as the Covid-19 pandemic began.

Since then, it has gradually fallen, but unemployment still remains far above the pre-pandemic levels.

María Luz Sanarrusia, coordinator of the INEC employment survey, noted that the commerce and services sectors were those that had the greatest job losses due to the pandemic.

The official added that the pandemic also caused an increase in underemployment, which is at 22%, due to the fact that many people had reduced working hours.

Underemployment refers to people who work less than 40 hours a week and are available to work more.

Trending Now

New Costa Rica Soccer Coach Promises Sacrifice and Discipline

New Costa Rica head coach Fernando Batista pledged hard work, sacrifice and strict discipline as he begins his mission to qualify the national team...

Costa Rica Fashion Week Debuts in Arts Festival Lineup

Costa Rica Fashion Week marks its 25th edition by aligning with the International Arts Festival, blending runway shows with broader cultural offerings for the...

What’s in a name? Naming nuance in Costa Rica

We tend to assume the way names function in our home country is simply “normal.” Or at least I definitely did. As it turns...

The United States seized a tanker that had escaped the Caribbean blockade

The United States intercepted in the Indian Ocean a third tanker accused of violating the blockade against sanctioned vessels in the Caribbean, after it...

US Israel Iran War Spreads as Hezbollah Enters Fighting and UK Base in Cyprus Hit

The war launched by the United States and Israel against Iran spread across the Middle East and beyond on Monday with Lebanon's Hezbollah entering...

Winter Storm in U.S. Northeast Cancels and Delays Flights at Costa Rica Airports

Passengers at Costa Rica’s two main international airports faced cancellations and long delays this week as a powerful winter storm in the northeastern United...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica