Not Enough People To Fill Available Jobs - 0% Unemployment, Manpower Deficit in Panama
Monday, June 25 2012 @ 11:26 am EDT
Contributed by: Don Winner
Editor's Comment: I saw someone doing an interview on the morning news about this same subject today. They said right now there are only 60,000 people in Panama who are unemployed, and there are 90,000 jobs that need to be filled. So, not only is the Panamanian economy in a state of 100% employment (or, 0% unemployment) in fact there is a manpower deficit. Another headline in La Prensa this morning said Foreign Direct Investment fell 15.3% in the first trimester of 2012. Of course because the headline appeared in La Prensa they found a way to blame Martinelli, and implied the drop off was due to the internal politics in Panama, which is crap. It's much more likely the drop off in FDI is directly related to the manpower shortage. Companies won't make the investment in a country to build (whatever) if they can't hire people to run it.