HomeNewsCosta RicaCosta Rica unemployment rate drops to 19%

Costa Rica unemployment rate drops to 19%

Unemployment in Costa Rica fell to 19.1% in the moving quarter from November to January.

This maintained a downward trend that has followed the record unemployment figures Costa Rica recorded in mid-2020, when its coronavirus restrictions were at their most strict.

The decrease was almost one percentage compared to the October-December quarter, when unemployment reached 20%, according to the National Institute of Statistics and Census (Inec).

At the same time, the 19.1% unemployment rate represents an increase of 6.8 percentage points over the same period in 2020, before Costa Rica suffered the economic blow of the Covid-19, according to the Inec .

The agency detailed that women are the most affected by unemployment — at a rate of 24.6%, compared to 15.2% for men.

Unemployment in Costa Rica had reached 12% in March 2020, one of the highest levels recorded in the country until then, but it soared to 24% due to the impact of the pandemic in the moving quarter from May to July.

Since then it has had a slow but steady decline, as the economy has reopened.

Meanwhile, 19% of the working-age population is underemployed — that is, people who work fewer than 40 hours a week and would like to work more.

Trending Now

Democrats Win Congress but Costa Rica’s US Tariff Stays

Democrats won control of both chambers of the US Congress in Tuesday's midterm elections. The result hands President Donald Trump a divided government for...

Corcovado’s Sirena Station Is Back to 366 Visitors a Day. Who Decided?

Corcovado National Park has spent the past five months caught in a tug of war that has left many in the Osa Peninsula's conservation...

Diesel Up 17% as Costa Rica Prices Rise for a Second Straight Month

Costa Rica's cost of living is climbing again. Consumer prices rose 0.39% in October, and the year-on-year rate reached 0.55%, the second straight month...

Forbes Picks Costa Rica’s Rancho Pacifico to Beat the Crowds

A Forbes feature names Rancho Pacifico, a 20-guest rainforest resort above Uvita, among its top shoulder-season escapes from the crowds.

Five Costa Rica Regions on Yellow Alert as Saturday Rain Hits Soaked Ground

If you live in or are traveling through the Central Valley, the Pacific coast or the Northern Zone, you are now under a yellow...

Kilos of Marijuana Seized Off Costa Rica’s Border With Panama

Costa Rica's Coast Guard intercepted a speedboat carrying 2,648 packages of marijuana in the South Pacific this week in an operation coordinated with the...

Have a US Visa Appointment Wednesday? The Embassy Will Be Closed

The US Embassy and visa section in San José close Nov. 11 for Veterans Day and reopen Thursday.

Local Elections Drove Costa Rica’s CPTPP Reversal, Sources Say

Concerns about the 2028 municipal elections helped drive Costa Rica's decision to abandon its bid to join the Comprehensive and Progressive Agreement for Trans-Pacific...

Costa Rica Paid $701 Million More for Fuel This Year as Diesel Soared

Costa Rica's fuel imports cost $2,267 million through September, up 44.77%, as the average barrel rose 37% and diesel led the increase.
Loading…

Latest News from Costa Rica

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