Monday, September 25, 2017
Subscribers Section User ID Password
LATIN AMERICA / THE CARIBBEAN
Labor conditions continue to weaken
Latinamerica Press
6/5/2017
Send a comment Print this page

Unemployment increase in 2016 was the highest in two decades.

The average rate of urban unemployment in the region in 2016 reached 8.9 percent (from 7.3 percent the previous year) due to poor economic performance in most countries and is expected to reach 9.2 percent in 2017, reported the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO).

In the joint report “Employment Situation in Latin America and the Caribbean”, released on May 11, ECLAC and ILO analyze the regional labor market’s performance in 2016, highlighting that the region experienced the biggest annual rise in urban unemployment in two decades. The increase was attributed to “a deepening of the economic crisis as expressed in a second year contraction of the Gross Domestic Product (GDP).”

The organizations estimate that regional economic growth for 2017 will be 1.1 percent, which will further weaken the labor market, “particularly with regard to the creation of new jobs and to the traits of existing and future work opportunities.”

“These labor trends give serious grounds for concern, given that employment is the master key to reducing the poverty and severe inequality that dog this region,”  Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), and José Manuel Salazar, the ILO’s Regional Director, warned in the document’s prologue. “In fact, the region’s progress in combating both poverty and inequality has already slowed. Efforts must therefore be redoubled to ‘promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all’, as called for in Sustainable Development Goal 8.”

The increase in self-employment — or informal labor, without any social benefits —, “above all in the context of weak salaried job creation, is characterized by low and unstable income. This implies a deterioration in the average quality of employment, which is reflected as well in the low (and in several cases negative) rates of employment growth recorded and in smaller wage increases,” the report explains.

ECLAC and ILO also recall that a deterioration in labor conditions tends to affect, in a greater extent, groups that are vulnerable, which includes immigrants along with women and young people with low education levels. The document estimates that by 2010 some 28.5 million people had emigrated from their places of origin in the region.

In those countries with heavy recent migratory flows, the report adds, “immigrants have lower average income than natives, suffer high levels of labor informality and have significantly lower social security coverage than employed natives, especially migrant women.” —Latinamerica Press..

LATIN AMERICA/THE CARIBBEAN
               Annual average urban unemployment rate (Percentages)
Country
2015
2016
Jamaica
13.5
13.2
Bahamas
13.4
12.7
Barbados
11.3
9.9
Belize
10.1
9.5
Colombia
9.8
10.3
Costa Rica
9.7
9.6
Brazil
9.3
13.0
Honduras
8.8
9.0
Uruguay
7.8
8.2
Venezuela
7.0
7.5
Dominican Republic
6.9
6.3
Argentina
6.5
8.5
El Salvador
6.5
nd
Paraguay
6.5
7.7
Chile
6.4
6.8
Panama
5.8
6.4
Ecuador
5.4
6.8
Mexico
4.7
4.3
Bolivia
4.4
nd
Peru
4.4
5.2
Trinidad and Tobago
3.5
4.1
Guatemala
3.2
3.6
Cuba
2.4
nd
Latin America and the Caribbean
7.3
8.9

Source: ECLAC/ILO

 


Compartir
Latinamerica Press / Noticias Aliadas
Reproduction of our information is permitted if the source is cited.
Contact us: (511) 460 3025 / (511) 460 5517
Address: Comandante Gustavo Jiménez 480, Magdalena del Mar, Lima 17, Perú
Email: webcoal@comunicacionesaliadas.org

Internal Mail: https://mail.noticiasaliadas.org
This website is updated every week.