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Thursday, December 13 2018 @ 03:08 PM UTC

42,366 New Jobs in Panama - Thus Far 2010

Employment & JobsBy DON WINNER for Panama-Guide.com - The Contract Analysis section of the Ministry of Labor in Panama registered 8,815 new labor contracts between 1 to 15 March 2010. Of those new employment contracts, 6,811 were men and 2,004 were women. Of the total, 3,559 are for a specific or defined period of time, and the remaining 2,402 are indefinite positions. Thus far in 2010, counting January, February, and the first two weeks of March, a total of 42,366 new labor contracts have been signed and registered with the Ministry of Labor and Workforce Development, reflecting strong growth in the national economy. According to a press release, "these indicators also reflect the confidence of the private sector in the economic policies of President Ricardo Martinelli, which when added to the new jobs being produced by mega-projects such as expansion of the Panama Canal, the construction of the "Coastal Strip" and other large-scale projects, show how this government is working to ensure a better Panama reaches everyone." Panama is a relatively small country with a population of only 3.4 million people. The fact that the Ministry of Labor recorded 42,366 new jobs in the country thus far in 2010 is good news, and a further indication that the country is well positioned to continue its economic growth and development. Employment and job creation is a lagging indicator - meaning the decisions are made, contracts are signed, permits and permissions sought, all before any real numbers of people are hired to do the work. There are people putting deals together right now that will produce even more jobs in twelve to eighteen months down the road. An expanding or growing economy creates more jobs and puts people to work. Panama's economy continued to expand over the last two years while most of the rest of Latin America was contracting. (Source - Press Release)

Copyright 2009 by Don Winner for Panama-Guide.com. Go ahead and use whatever you like as long as you credit the source. Salud.

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