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Panama job market down 14 percent in January

Wednesday, March 22, 2017


Labor contracts registered with Panama’s Ministry of Labor  fell sharply in January down 14 percent in compared to the same month last  year.
If the trend continues 2017 could become the fifth consecutive year in which the unemployment rate increases in the country.

In January, 20,236 employment contracts were registered, down from 23,475 in the same month of last year, a decrease of 3,239.

Source: Newsroom Panama