If you want a job in the formal sector, look for a government contact. The Medina administration is the main creator of formal jobs, according to statistics released by the Central Bank.
Economists Ernesto Selman, Miguel Collado and Juan Rojas of the Regional Center for Sustainable Economic Strategies (CREES), told Diario Libre that the few formal jobs that were created in 2017, most were in government. He said Central Bank statistics reveal 121,066 new jobs were created in 2017. Of these 102,938 were informal and 18,128 were formal.
They explained that the number of jobs in the informal sector grew from 57.9% in the last quarter of 2016 to 58.7% in the last quarter of 2017. The economists say that the government needs to implement policies that make it less costly for companies to operate in the formal sector. They say the stats show there is a need to make changes in the tax and labor codes to make it less costly to employ people in formal jobs.
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Diario Libre
Diario Libre
27 March 2018
