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In one year, more than 650,000 people lost their jobs; index would recover in four years, according to experts
Posted On 04 Mar 2021
There were 650,578 people who left adequate / full employment in one year, according to figures from the National Institute of Statistics and Censuses (INEC). And it will take about four years to reverse these figures, economic analysts say.
In one year, more than 650,000 people lost their jobs; index would recover in four years, according to experts
In December 2019 there were 3’146,297 people with employment and in the same month of 2020 they dropped to 2’495,719.
This group of people, according to the INEC, are those with incomes equal to or greater than the minimum wage ($ 400) working less or more than 40 hours a week.
And according to the economic analyst Napoleón Santamaría, the more than 650,000 people went into underemployment and unpaid employment. He affirms that they are part of the clear impact of the economic crisis by the pandemic.
“They are people who lost their jobs and dedicated themselves to doing some activity such as selling something, working for hours, providing services, people who undertook,” he points out.
The figures also reflect the increase in underemployment, which was close to 400,000 citizens in one year. In 2019 there were 1,440,983 underemployed people and in 2020, 1,833,702.
The INEC defines them as those people who received income below the minimum wage during the week.
Another number of those who lost their jobs went to unpaid employment. There were a little more than 100,000 people.
