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Thursday, August 21 2014 @ 03:58 PM EDT

More Than 55,000 Work Contracts Registered With The Ministry of Labor

Employment & JobsThe number of work contracts registered by employers at the end of February this year at the Ministry of Labor and Workforce Development (Mitradel) represented a decrease of 4.67% less than last year, with 55,767 registered in the period indicated. The data, highlighted in a report by the Economic Analysis Division of the Ministry of Economy and Finance (MEF) reveal further that permanent contracts and specific work contracts increased by 712 and 1,170 respectively, while defined contracts decreased by 4,616. This reflects, according to a statement from the MEF, that in the capital companies registered a decrease of 6.57%, mainly those signed for a definite period of time (33.74%), which may have been replaced with contracts for a specific job where there was an increase (20.78%) in Mitradel, as well as permanent contracts (6.63%) signed after the completion of a probation period.

The report prepared by MEF, also stresses that in the interior of the country there were fewer contracts (2.08%), but the difference with those for 2011 was lower than in the capital city. The most notable declines were in the Regional Offices of Chiriqui (40.3%), Panama West (31.0%) and Veraguas (47.3%) due to the completion of construction projects. However, those kinds of contracts caused increases in the provinces of Herrera (57.7%) and Los Santos (106.2%) where roadway infrastructure projects are being developed.

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