No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCosta Rica unemployment hits 20-year high

Costa Rica unemployment hits 20-year high

Costa Rica´s jobless rate has reached its highest level in more than 20 years, jumping to 7.8 percent in 2009, up from 4.9 percent in 2008, according to a study released Thursday morning by the National Statistics and Census Institute (INEC).

According to INEC´s Multipurpose Household Survey, of the 4,318,115 people in the country, 2,121,451 were employed in July of this year, which is when the study was conducted. In 2009, there were 64,039 more unemployed citizens in the country than in 2008.

Officials recorded the highest unemployment rate in 1982, when an economic crisis made jobless numbers skyrocket to 9.4 percent. The rate proceeded to fall in 1983 and ´84, when it hit 7.9.

This year is the first time it has grazed that mark since.

The percentage of households living in poverty this year also increased to 18.5 percent in 2009, up from 17.7 percent last year.

“It´s never good news to have this type of growth in the unemployment and poverty rates,” said the Minister of the Presidency Rodrigo Arias. “Above all we should keep in mind that behind the numbers there are people and families.”

Breaking down the total, INEC found that the unemployment rate of women rose from 6.2 percent to 9.9 percent, while the unemployment rate of men rose from 4.2 percent to 6.6 percent.

The Central Valley´s unemployment rate is 7.5 percent. The highest unemployment rate, 10.1 percent, was recorded in the Chorotega/Guanacaste region.

The Central Valley also recorded the lowest rate of poverty, at 15.3 percent. The highest poverty rate was in the Brunca/Puntarenas region. Over 30 percent of the population was considered to be living in poverty, with 8.5 percent considered to be experiencing extreme poverty.

“We have to remember that Costa Rica, like the rest of the world, has lived the last few months in the wake of the worst economic crisis of the last decades,” Arias said. “Thanks to the responsibility in the management of the national economy … the figures in our country and much less than in other nations.”

Trending Now

Canada Begins Historic 2026 World Cup Campaign Against Bosnia

For the thousands of Canadians living in Costa Rica or passing through on vacation, tomorrow is a day circled on every calendar. At 2:00...

Costa Rica Weekend Weather: Drier Friday and Saturday, Stormier Sunday

Costa Rica will get a short break from widespread rain this weekend before Tropical Wave No. 10 moves in on Sunday and raises the...

Guanacaste Faces One of Its Worst Droughts as Rain Hits Much of Costa Rica

Guanacaste is facing one of its worst drought situations in years, even as much of Costa Rica deals with heavy rain, saturated soils and...

Costa Rica Storm Cristina Leaves Five Missing Along Pacific Coast

Five people were missing off Costa Rica's Pacific coast on Tuesday after two small boats capsized in heavy surf whipped up by Tropical Storm...

Costa Rica Documentary Following Five Cancer Survivors Heads to Amazon Prime Video

Costa Rica will reach Amazon Prime Video later this year through "Latidos en la Lluvia," a documentary film that follows five Spanish women who...

Costa Rica Says Ocean Conservation Must Benefit Fishing Communities

Costa Rica used a major international environmental finance meeting in Uzbekistan to present a marine conservation message built around coastal communities, fishing families and...

Five Leading Contenders to Win the 2026 World Cup

The 2026 FIFA World Cup has opened across North America, bringing the biggest field in tournament history and one of the deepest title races...

Tropical Storm Weakens but Keeps Costa Rica Facing Rain and Dangerous Seas

Tropical Storm Cristina is moving away from Costa Rica, but its effects are still being felt across the country, with rain, rough seas, strong...

Pacific Tropical Depression Keeps Costa Rica on Rain Alert

A low-pressure system off Central America’s Pacific coast became Tropical Depression Three-E this morning as Costa Rica continued to deal with heavy rain, saturated...
Avatar
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel