
Panama jobless over 531,000 in December
(MENAFN- Newsroom Panama) Over 531,000 Panamanians, a quarter of the workforce, will be without jobs by year-end as the unemployment rate jumps from 7% in 2019 to 25% erasing eight years of growth according to Minister of Labor and Labor Development, Doris Zapata.
When the pandemic started there were `146,000 unemployed out of an economically active population of about 2.1 million people.
Last year the country experienced double-digit unemployment was 2004 when the rate reached 11.4%.
The most dramatic year, was 1989, when it reached 18.9%, in the midst of the economic and institutional crisis caused by the US invasion.
Current projections indicate that Panama will face an unprecedented job crisis. leaving the country with the same number of workers as there were in 2012.

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- FLOKI Funds Clean Water Wells In Africa Through Partnership With WWFA
- Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain With Story
- Cregis At FOREX Expo 2025: Connecting Forex With Crypto Payment
- Luminadata Unveils GAAP & SOX-Trained AI Agents Achieving 99.8% Reconciliation Accuracy
- Tradesta Becomes The First Perpetuals Exchange To Launch Equities On Avalanche
- BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League
Comments
No comment