No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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

Bank of America Predicts Stable Exchange Rate for Costa Rica

Bank of America has released a fresh analysis of Costa Rica's economy, pointing to steady conditions ahead. The report predicts the dollar exchange rate...

Costa Rica Traffic Accidents Drive Up Insurance Premiums

Costa Rica's roads have turned into a deadly trap, with traffic accidents claiming more lives and causing more injuries than ever before. On Friday,...

Riu Guanacaste Hotel Reopens in Costa Rica After Renovation

The Riu Guanacaste hotel in Costa Rica has reopened after a complete renovation, welcoming guests back to its beachfront spot on Matapalo Beach. The...

Costa Rica Faces Rising Extortion from Informal Lenders, Says UN

A new United Nations study sheds light on the rapid spread of informal lending schemes called "gota a gota" across Costa Rica, where high-interest...

Costa Rica Court Orders Urgent Regulation of Tuna Fishing Law

Costa Rica's Constitutional Court has stepped in to push the government on a long-delayed tuna fishing law. The court partially backed an appeal from...

Venezuela Tensions Rise After U.S. Strike on Alleged Narco Vessel

Pentagon chief Pete Hegseth announced Friday a new strike in the Caribbean off Venezuela’s coast against an alleged narco-boat, leaving 4 dead. “Following President...
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica