The Dominican Republic Posts Sluggish Employment Rate

• The average employment rate in the country continues to be below pre-pandemic levels, according to data from a new survey by the World Bank and the United Nations Development Program (UNDP) published yesterday. 
• The series of High-Frequency Telephone Surveys, the second phase of which was implemented this year in 24 countries in the region, showed that in the pre-pandemic period the employment rate was around 72% in the Dominican Republic and that it is currently around 65%. 
• The data indicates that the Dominican Republic has recovered above what the regional average indicates (62%) at present. In addition, the country’s employment rate is above nations such as Honduras, Panama, Uruguay, Costa Rica, Argentina, Chile, Colombia, and Brazil. 
• At the local level, the Central Bank of the Dominican Republic (BCRD), in its quarterly report July-September 2021, explains that, during the three quarters of 2021, the Dominican Republic labour market has shown important signs of recovery, but is yet to reach pre-pandemic levels.

(Source: Dominican Today)