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

Carlos Alcaraz Stunned in Shanghai as Zverev Clinches Year-End No. 1

Carlos Alcaraz’s comeback run hit an unexpected setback Monday, when Belgium’s Zizou Bergs knocked him out of the Shanghai Masters, ending the Spaniard’s chances...

The Night Costa Rica Witnessed Central America’s Worst Soccer Tragedy

This month marks the 30th anniversary of the worst soccer tragedy in Central American history. The setting was Estadio Mateo Flores in Guatemala City....

Costa Rica Sends â‚¡1.5 Billion to Red Cross as Branches Still Face Pressure

Visit Site Costa Rica has ordered a ₡1.5 billion transfer to the Red Cross to help keep its emergency network running. President Laura Fernández instructed...

Costa Rican Scientists Revive Fish Larvae Research to Protect Fisheries

Costa Rican scientists and marine conservation specialists are working to revive an important field of research that could help protect fish populations and improve...

Iron Maiden Ends 10-Year Absence With 50th-Anniversary Show in Costa Rica

Iron Maiden returned to Costa Rica after 10 years, bringing its 50th-anniversary tour and a song never played here before.

ATP Proposes $350 Million Player Compensation Plan and Major Ranking Changes

The ATP has unveiled plans to increase annual player compensation to approximately $350 million by 2028, alongside major changes to the men's professional tennis...

Costa Rica Raises Mandatory Vehicle Insurance Rates for 2027

Anyone owning a car in Costa Rica will face higher mandatory insurance costs in 2027, with private vehicles, motorcycles and buses among the categories...

National Team Defender Among Four Held in Costa Rica Loan-Shark Extortion Probe

Cartaginés right-back Carlos Barahona, 24, was detained in pre-dawn raids in Cartago as a suspect in extortion tied to gota a gota loans.

ICE Sent Two Costa Rican Children to a Texas Family Detention Center

ICE apprehended two Costa Rican children, ages 9 and 11, near New Orleans and moved them 12 hours by road to the Dilley family detention center in Texas.
Loading…

Latest News from Costa Rica

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