DR1 Daily News - Dominican Republic

The Dominican Republic’s expanded unemployment rate, which includes individuals who actively sought work but were not available, or who did not actively seek work but were available, stood at 10.7% at the end of 2023, representing a year-on-year decrease of 0.3 percentage points, according to the latest report from the Ministry of Economy, Planning and Development (MEPyD). The report highlights that more than 50% of active jobs were informal, Diario Libre points out.

“Despite showing a wider gender gap, this rate is trending downwards, reaching its lowest levels in the last three years (10.6%), 1.4 percentage points lower than those shown during the same period in 2022 (12%)”, underlines the document “Monitoring Employment: An Analysis for 2023”.

The MEPyD indicates that the purpose of the report is to carry out a concise and detailed analysis of the selected policy for...