The Dominican Republic has a sluggish employment rate

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Santo Domingo.- The average employment rate in the country continues to be below pre-pandemic levels, according to data from a new survey by the World Bank and the United Nations Development Program (UNDP). ) published yesterday.

The series of high-frequency telephone surveys, the second phase of which was implemented this year in 24 countries in the region, showed that before the pandemic, the employment rate was around 72% in the Dominican Republic. and that it is currently around 65%. .

The data indicates that the Dominican Republic has a higher recovery than the regional average indicates (62%) at present. Also, the country’s employment rate is higher than countries such as Honduras, Panama, Uruguay, Costa Rica, Argentina, Chile, Colombia, and Brazil.

At the local level, the Central Bank of the Dominican Republic (BCRD), in its July-September 2021 quarterly report, explains that in the three quarters of 2021, the Dominican labor market has shown significant signs of recovery, but did not reach the pre-pandemic level.

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