No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeNewsCosta RicaCosta Rica unemployment falls but remains at historic levels

Costa Rica unemployment falls but remains at historic levels

Unemployment in Costa Rica was 21.3% in the moving quarter from September to November, a historically high level as a result of the pandemic, although the figure is slightly lower than the immediately preceding quarter.

The index continued the slight improvements characterized by recent months. From August to October, unemployment was 21.9%, according to the National Institute of Statistics and Census (INEC).

At the same time, the most recent data represent an unemployment rate that is 8.8 percentage points larger than during the same period in 2019, the INEC indicated.

The agency pointed out that unemployment especially affects women — 28.1% unemployment, compared to 16.8% for men.

Unemployment in Costa Rica was 12% in March 2020, one of the highest levels recorded by the country to date, but it soared to 24% in the May-July quarter as the Covid-19 pandemic began.

Since then, it has gradually fallen, but unemployment still remains far above the pre-pandemic levels.

María Luz Sanarrusia, coordinator of the INEC employment survey, noted that the commerce and services sectors were those that had the greatest job losses due to the pandemic.

The official added that the pandemic also caused an increase in underemployment, which is at 22%, due to the fact that many people had reduced working hours.

Underemployment refers to people who work less than 40 hours a week and are available to work more.

Trending Now

Costa Rica’s President Attacks Opponents After He keeps His Immunity

Costa Rica’s President Rodrigo Chaves lashed out at opposition lawmakers after Congress rejected a request to strip him of immunity, a step that could...

Costa Rica Ranks Among Cheapest 2026 Flight Destinations from US

Travelers from the United States can expect lower airfares to Costa Rica next year, according to a recent forecast from Dollar Flight Club. The...

Costa Rica Faces Windy Weather from Cold Front No. 6

Costa Ricans faced brisk winds and intermittent showers when getting to work this morning, as Cold Front No. 6 positioned itself over the central...

Fitch Keeps Costa Rica at ‘BB’ Rating with Positive Outlook

Fitch Ratings has confirmed Costa Rica's long-term foreign currency issuer default rating at 'BB' and kept the outlook positive. The decision points to steady...

Hyatt Place Cariari Set to Open in Costa Rica

Heredia will soon welcome a new addition to its hospitality scene with the opening of the Hyatt Place Cariari/Convention Center. The project, backed by...

MOPT Announces Route 27 Traffic Changes for January to Ease Returns

The Ministry of Public Works and Transport (MOPT) has set reversible lanes on Route 27 for every Sunday in January 2026. This step aims...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica