Monday, March 04, 2024
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina



Informal job rates ramp up in Ecuador – INEC

Quito, Oct 24 (Prensa Latina) Gallup Employment, Unemployment and Underemployment conducted in September by the National Institute of Statistics and Census (INEC), revealed on Tuesday that labor informality continues to surge in Ecuador.

According to the Gallup, 54.4% out of all employed were in the informal economy sector.These figures unfolded that job informality rate ramped up by 2.3% compared to 2022.

Meanwhile, the INEC revealed that people with adequate employment earn at least the basic wage, US$450, and work a full eight-hour day. However, this does not mean that they work in the formal economy sector, the report referred.

It implies that over half of Ecuador’s economically active population neither works 40 hours a week, nor does it receive the minimum of US$450 a month, nor does this population has guarantees in case of accident or illness, or benefits such as maternity or paternity leave.

Just 36.4% of workers are legally employed, while the city with the highest unemployment rate is Quito, the country’s capital, with 7.8%,


name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.