Costa Rica unemployment reaches 10.1 percent

May 19, 2015
1 Comments

Unemployment in Costa Rica reached 10.1 percent in the first quarter of this year, a slight increase over the same period last year, the National Statistics and Census Institute (INEC) reported Tuesday.

According to INEC, 232,000 people were unemployed in the first three months of 2015, similar to 2014, although the unemployment index rose 0.3 percentage points.

Male unemployment reached 8.8 percent while female unemployment was 12.3 percent during the first quarter of 2015, INEC reported.

At the same time, individuals working fewer hours than they would like make up 12.9 percent of the labor force.

Labor Minister Víctor Morales and Economy Minister Welmer Ramos said Tuesday at the weekly government press conference that unemployment is concentrated in the commercial sector, with 73,000 jobs lost during the first quarter, followed by the transport sector, with 20,000. Morales said the government planned to meet with business leaders this week to study the problem and seek solutions.

The government has identified unemployment as one of its principal economic concerns and has launched initiatives aimed at attracting investment in order to create jobs, especially for youth and women. President Luis Guillermo Solís is currently touring U.S. cities in search of investment to generate employment, principally in high technology sectors.

You may be interested

A reader’s glimpse of Monteverde recovery
Photos & Video
5554 views
Photos & Video
5554 views

A reader’s glimpse of Monteverde recovery

Katherine Stanley - October 19, 2017

Tico Times reader Margaret Burton wrote to us from the United States to share this photo taken by her brother-in-law Michael…

President Solís recovers from successful prostate operation
Costa Rica
573 views
Costa Rica
573 views

President Solís recovers from successful prostate operation

Katherine Stanley - October 18, 2017

President Luis Guillermo Solís took a medical leave to undergo prostate surgery Wednesday after postponing the procedure last week to…

VIDEO: A closer look at ‘Battlefield’ before its Costa Rican premiere
Events
697 views
Events
697 views

VIDEO: A closer look at ‘Battlefield’ before its Costa Rican premiere

Katherine Stanley - October 18, 2017

https://www.youtube.com/watch?v=wujGfRevDOE&feature=youtu.be "Battlefield," from acclaimed director Peter Brook, premieres tonight at San José's National Theater. Read our full story here.