Two years after the impact of the pandemic, employment in the Latin American and Caribbean region has already recovered, driven largely by informal positions, highlighted the International Labor Organization (ILO).
The report Labor Outlook in Latin America and the Caribbean 2023, which the organization published this Tuesday, indicates that the employment rate in the region is 58.2 percent at the end of the third quarter, higher by 0.3 percentage points than that registered in the same period. of 2019.
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However, Claudia Coenjaerts, ILO regional director for Latin America and the Caribbean, highlighted that one in two workers in the region works in the informal segment, which in some countries reaches a rate of up to 70 percent.
Mexico is one of the five Latin American countries with the highest rates of informality, with more than 50 percent of jobs in this segment.
The directive highlighted concern about the persistence of labor informality, and pointed out that if a reduction in this phenomenon was not observed in the years of economic growth after the pandemic, it will be more complex to happen in the future, when more complex scenarios are expected for the global economy.
“A key message from the report is that it is crucial to implement policies that not only create more jobs, but also avoid the precariousness of formal employment and boost productivity to overcome this structural problem that persists in the region,” he noted.
However, the report indicates that although the economies of Latin America and the Caribbean have experienced a general recovery, they still face a complex macroeconomic scenario of low global growth, as well as inflation and high interest rates that impede investment.
Data from the Economic Commission for Latin America and the Caribbean (ECLAC) collected in the report indicate that growth in Latin America for this year will be 2.1 percent and 1.8 percent in 2024
In the case of Mexico, the organization expects GDP to increase 3.6 and 2.5 percent this year and next, respectively.
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“This is a complex scenario that requires developing bold and comprehensive policies that support the creation of formal jobs,” concluded Coenjaerts.
2023-12-19 20:36:21
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