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Panama unable to generate pre-pandemic employment figures

Panama unable to generate pre-pandemic employment figures

Panama City, May 27 (Prensa Latina) Panama has been unable to generate the number of formal jobs that the Central American country produced prior to the Covid-19 pandemic, according to official statistics.
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According to reports from the Ministry of Labor and Labor Development (Mitradel), between January and March of this year, 58,895 new labor contracts were processed, a figure that is 42% lower than the 100,878 processed in the same period of 2019, despite the fact that the state workforce is increasing.

For analysts such as René Quevedo, the situation brings as a consequence an enormous socioeconomic pressure and is a reason for discontent of social and popular organizations, with demonstrations throughout the country.

Mitradel specifies that if the formal employment contracts of the first quarter of 2022 are compared with those of 2021, then there would be an increase of 12,574, which shows a very weak recovery in the midst of the crisis generated by the confinement adopted by the Government to stop the spread of the disease.

The registered contracts cannot be understood in their entirety as new job openings, since a new labor agreement may follow a dismissal or resignation.

The authorities have said in recent forums that they have good expectations with respect to the generation of jobs from the construction of container ports or energy generation plants, which would add 1,000 jobs, according to the newspaper La Prensa.

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