Costa Rica, Colombia and Peru Lead Employment Opportunities in Latin America

The Costa Rica News (TCRN) – Costa Rica, Colombia and Peru are leading the employment outlook in Latin America for the second quarter of this year, according to a survey of the U.S. firm, Manpower, released by their Panama division.

Manpower periodically conducts a survey of over 65,000 employers in 42 countries and territories in the world to measure the intention of hiring.

“In the case of Costa Rica, 22% of employers surveyed indicated that they intend to increase their payrolls from April to June of 2014,” said Alberto Alesi, COO of the Central and Dominican Republic Manpower Group.

Alesi added that Costa Rica’s employers have intentions to continue to hire during the study period, especially in the service and trade sectors.

Colombia and Peru recorded 19% hiring expectations, 17% for Mexico, Panama was 15%, Brazil was 13%, Argentina was 12%, and Guatemala was 6%.

Mexico is expected to improve the pace of hiring with positive forecasts in most sectors and regions compared to the previous quarter, and the expectation is “especially strong in the mining and quarrying sector,” according to the survey.

The greatest expectation for hiring in Panama is the services sector with 27%, followed by transport and communications at 24%, trade at 15%, manufacturing at 11%, agriculture, fishing and mining at 4%, and construction was only 1%.

The Central American country declined by 7 percentage points compared with the same period in 2013, which is explained by the completion of some major infrastructure projects and the next general election of May 4, according to Alesi.

On the case of Brazil, the preparations for the World Cup did not cause an increase in hiring expectations, Alesi said, yet employment behavior was labeled as “stable” in that country.

Argentina, for the third consecutive quarter presented a weaker outlook, given the uncertainty associated with rising inflation and import restrictions that push up prices and wages which minimizes opportunities for job seekers.

Globally, India leads the expectation of employment with 41%, followed by Taiwan with 38%, while at the bottom is Italy at – 7%.

The Costa Rica News (TCRN)

San Jose, Costa Rica