No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeNewsCosta RicaCosta Rica unemployment rate at 17.7%

Costa Rica unemployment rate at 17.7%

Unemployment in Costa Rica was 17.7% in the moving quarter from March to May 2021, according to the  National Institute of Statistics and Census (Inec).

This represents a small increase (0.4 percentage points) compared to the moving quarter from February to April.

Compared to the same quarter of last year, unemployment in Costa Rica has decreased by 2.4 percentage points. This represents 104,000 more people in the workforce, per INEC.

Women continue to have a higher unemployment rate than men — 24.2% and 13.3%, respectively. The total population considered as unemployed is 431,000 people, which “remains without statistically significant variation compared to the same moving quarter of the previous year.”

Meanwhile, the INEC calculated the underemployment rate — the percentage of employed people who work fewer than 40 hours a week and want to work more hours — at 15.7%, unchanged from last year.

Unemployment in Costa Rica had reached 12% in March 2020, already 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 2020.

Popular Articles

Nationwide Power Outage Hits Panama After Generator Failure

Panama plunged into darkness late Saturday night when a nationwide blackout hit following an explosion and subsequent fire at the La Chorrera Thermoelectric Power...

Costa Rica Coffee Exports to Europe Surpass U.S. For The First Time

For the first time in history, Costa Rica exported more coffee to Europe than to the United States in 2024, marking a significant shift...

Costa Rica Wildlife Moments from Monkeys to Crocodiles

How wildlife behaves depends on the circumstances of the interaction. Everybody wants to go for a hike and see wild animals with their very...
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait

Latest Articles