The unemployed population grew from 379,000 to 468,000, that is 89,000 more people without jobs. / A.M. Costa Rica wire services photo
Published Friday, July 17, 2020
Unemployment increases over 20%
By the A.M. Costa Rica staff
The country's unemployment rate rose to 20.1%, according to the Continuous Employment Survey of the National Institute of Surveys and Censuses published on Thursday.
According to the Institute, the study was carried out from March to May, reflecting the fall in the labor market due to the confinement measures ordered by the authorities to contain the covid-19 pandemic.
The unemployed population grew from 379,000 to 468,000, that is 89,000 more people without jobs.
The study also shows that during that period there was also an increased number of people who, despite being of working age, can not find a job. This indicator stood at 41.6%.
Furthermore, the study shows that the so-called underemployment or informal employment is 17.6%.
Informal employment includes any activity generating some income outside the "formal work" as defined by the Labor Code. Informal employment includes street vendors, gardeners, and domestic service workers, among others.
Concerning women, the study shows that unemployment is 26%, which is equivalent to 237,000 thousand women who do not have a job.
The total number of people that make up the country's labor force was estimated at 2.33 million people per year. Of these, 1.86 million are employed, which is equivalent to 46.7% per year.
Of the total number of employed people, 59.2% are men and 34.1% women.
The government is expected to announce its plans to reactivate employment in the face of the covid-19 crisis.
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