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HomeCosta RicaCosta Rican Unemployment Rate Decreases in Fourth Quarter of 2022

Costa Rican Unemployment Rate Decreases in Fourth Quarter of 2022

The unemployment rate in Costa Rica closed the last quarter of 2022 at 11.7%, a decrease of 2 percentage points compared to the same period of 2021, the National Institute of Statistics and Census (INEC) reported Thursday.

“Despite this decrease on a year-on-year basis, if we go to the closest quarters, we see that unemployment since mid-2022 has hovered around 12% without showing a tendency to increase or decrease,” said INEC spokesman Braulio Villegas.

Unemployment in Costa Rica during this period was higher among women (16%) than among men (8.7%), according to the Continuous Employment Survey corresponding to the October-November-December quarter.

The labor force -active population- reached 2.46 million people and the unemployed totaled approximately 287,000, while informal employment remained at 43.9% in the Central American country.

Unemployment peaked in mid-2020, after the outbreak of the covid-19 pandemic, at 24.4%. Since then, the rate has presented

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