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November 8, 2024
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The Government celebrated the weak growth in private sector employment

The Government celebrated the weak growth in private sector employment

Registered private sector employment showed growth for the first time in 11 months, according to data released by the Ministry of Labor. This increase, although modest, has been received with optimism by the Governmentwhich attributes it to the recent labor reform implemented under the Bases Law.

Registered employment in the private sector grew by 0.1% in August and 0.2% in September 2024, which represents the incorporation of approximately 5,000 workers into the labor market. For him Governmentthis increase, although small, is significant since it breaks a trend of 11 consecutive months of decline in registered employment.



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