According to the data obtained with the Multiple Purpose Survey (EPM) carried out by the National Institute of Statistics and Census, the unemployment rate decreased by 1.4 points, that is, from 11.3% registered in October 2021 to 9.9%, according to this last measurement.
The variations in the unemployment rate, clearly positive, account for the state of economic recovery that the country is experiencing, specifically in the analysis of the labor market situation.
If we compare the figures released by the April 2022 survey, with the GDP estimates in the first quarter of 2022, which presented a growth of 13.6%, compared to the similar period of the previous year, it can be reaffirmed that the results of both indicators, They show consistency and account for the notable progress of two key economic indicators, taking into consideration that we are still facing a health crisis, due to Covid-19.
The improvement in the unemployment indicators in accordance with the GDP, confirm the forecasts exposed by the Comptroller Gerardo Solís at the beginning of the year before the National Assembly of Deputies, when he declares that “by the year 2022 the economic activity will continue advancing at an encouraging pace ”.
If we compare the estimates with respect to October 2021, the unemployed population decreases (18,827 less), the Economically Active Population is strengthened (83,149 more people) and the employed population increases by 5.8%. In this sense, the country faces challenges in terms of quality of employment, as there is a slight increase in the percentage of informality, registered at 48.2% (April 2022), while in October 2021, it was recorded at 47.6%.
