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 Police warn of Rising Tourist Targeted Crimes After Violent Incident

Police in Guanacaste rescued four American tourists from a violent home invasion in Nuevo Arenal de Tilarán on Thursday evening. The confrontation with armed...

Martinelli Pleads Innocent as Panama Opens Odebrecht Money Laundering Trial

Former Panamanian president Ricardo Martinelli, who is living in asylum in Colombia, declared himself “innocent” on Monday as a Panamanian court opened a trial...

Honduran Lawmaker Survives Explosive Attack in Congress

A homemade explosive device struck Honduran lawmaker Gladis Aurora López inside the National Congress on January 8, causing injuries that sent her to the...

Costa Rica’s Passport Holds Steady in Global Rankings

Costa Rica's passport ranks 26th in the world according to the 2026 Henley Passport Index, released this January by Henley & Partners. This position...

Panama’s Iconic Thousand Polleras Parade in Los Santos

Panama sets the stage for its premier cultural event, the Desfile de las Mil Polleras, on Saturday. This annual parade draws thousands to celebrate...

Costa Rica Tribunal Denies Efforts to Bar Salvadoran President Bukele’s Visit

The Supreme Electoral Tribunal (TSE) turned down two legal challenges aimed at stopping Salvadoran President Nayib Bukele from entering Costa Rica. The decision came...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica