Dominican Republic has sluggish employment rate



Santo Domingo.- The average employment rate in the country continues to be below pre-pandemic levels, according to data from a new survey by the World Bank and the United Nations Development Program (UNDP ) published yesterday.

The series of high-frequency telephone surveys, the second phase of which was implemented this year in 24 countries in the region, showed that before the pandemic, the employment rate was around 72% in the Dominican Republic. and that it is currently around 65%. .

Data indicates that the Dominican Republic is having a better recovery than the regional average indicates (62%) at present. In addition, the country’s employment rate is higher than that of countries such as Honduras, Panama, Uruguay, Costa Rica, Argentina, Chile, Colombia and Brazil.

At the local level, the Central Bank of the Dominican Republic (BCRD), in its quarterly report July-September 2021, explains that during the three quarters of 2021, the Dominican labor market showed significant signs of recovery, but no has not reached the pre-pandemic level.

About Matthew Berkey

Check Also

Apple digs deeper into cars and payment systems

Apple says it will deeply integrate its technology into the driving systems of cars as …