The Dominican Republic was one of the countries in the region that had the highest employment growth in the first half of 2024, according to the report: Preliminary Balance of the Economies of Latin America and the Caribbean 2024, from the Economic Commission for Latin America and the Caribbean. the Caribbean (ECLAC).
According to the research, at the country level, the information available for the first half of 2024 indicates that employment increased in 11 countries in Latin America and the Caribbean, where increases in employment of more than 4% in Bolivia stand out (4, 7), Chile (4.6) and the Dominican Republic (5.7), as well as decreases greater than 1% in Costa Rica and Peru.
“In Ecuador, Trinidad and Tobago, Costa Rica and Peru a contraction was experienced,” he points out.
In Bolivia, Chile and the Dominican Republic, growth rates represented an increase of more than 4 percentage points compared to those in the first half of 2023, it says.
ECLAC indicates that at the sectoral level, in 2024 there was an increase in the number of employed people in the industrial and service sectors, with rates of 2.3% and 2.0%, respectively, while employment in the agricultural sector it contracted 1.3%.
“Employment in the industrial sector increased in 11 of the 15 countries with available data, with increases of more than 5% in Bolivia, Paraguay and the Dominican Republic, and falls of more than 4% in Argentina and Trinidad and Tobago. . It should be noted that this growth in industrial employment represented an acceleration of the rate, with an increase of 0.8 percentage points compared to that of 2023 and 0.7 percentage points compared to that registered in 2019,” he adds.
It specifies that the activity with the greatest dynamism in terms of employment was the generation of basic services, which grew by 5.5% in the first semester.
