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September 17, 2024
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Multiple employment rose 12% in June of this year, despite salary increase

Multiple employment rose 12% in June of this year, despite salary increase

In June 2024, the moonlighting experienced a increase 12.0% year-on-year, despite a cumulative negative variation of 2.9% so far this year. This phenomenon, which reflects the number of people with a secondary occupation in addition to their job The main reason for this was that the country had already implemented the latest staggered adjustment to the increase in the minimum wage in the private sector, which reached a 19% increase in April of this year.

The largest increases in the moonlighting were registered among the collaborators whose job main belongs to the sectors of agricultural (6.0%), trade (4.6%), other services (2.4%), public administration (2.4%) and hotels, bars and restaurants (1.4%), among others. These sectors have seen a increase the need for employees to seek additional sources of income, possibly due to economic conditions and the need to supplement their salaries.

The information comes from the reportPanorama sectorial July 2024″, published yesterday by the Ministry of Economy, Planning and Development (Mepyd).

Decreases in others

On the other hand, a decrease was observed in moonlighting in sectors like the construction (1.5%), teaching (1.3%) and communications (0.9%). The reduction in these areas could be associated with a stabilization in job opportunities or a lower demand for job additional in these sectorsthe document stresses.

In the first half of the year, the population busy The number of employed persons reached 5,002,384, for an interannual variation of 5.0% and an accumulated variation of 1.0%. “For the first time in history, the Dominican Republic exceeds 5 million employed persons,” indicates the Mepyd.

He adds that the overall staff index and remunerations showed a year-on-year increase of 9.7 points, going from 96.7 to 106.1.

In this period, it notes that the global index of workers assets of the sectors economic growth showed an expansion of 4.7%, while the global wage index of the sectors economic, in real terms, increased to a greater extent (14.9%).

Dominican journalist specializing in economics and finance, graduated from the Dominican University O&M.

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