NewsWhore
06-23-2010, 02:40 PM
The unemployment rate in the DR fell by 0.5% in seven months due to the process of economic reactivation that was started in the last quarter of 2009 that created 130,440 jobs, according to a paid advertisement taken out by the Central Bank in the media today.
Of the new jobs, 78.7%, equivalent to 102,656, are in the formal sector, while 21.3%, some 27,783 are in the informal sector.
Central Bank governor Hector Valdez Albizu said that the overall unemployment rate fell from 14.9% in October 2009 to 14.4% in April of this year. This rate includes, besides the openly unemployed, people who are available for work although they have not been actively seeking work (the hidden unemployed).
Speaking about the results of the National Labor Force Survey conducted during in 9,952 homes all over the country in April, Valdez Albizu said that the Open Unemployment Rate also fell from 5.1% in October 2009 to 4.5% in April 2010, below countries like Mexico (5.3%), Uruguay (7.4%), Brazil (7.4%) and Chile (9.0%).
The Open Unemployment Rate is defined as the portion of the population that said that they were out of work in the reference period, and that are available for work immediately and have actively looked for work in the last 4 weeks.
Valdez Albizu said that the jobs were created due to the reactivation that the economy has experienced over the last couple of quarters, chiefly in sectors that have shown the greatest activity such as farming, manufacturing, construction and trade, as a result of the easing of the economic policies.
See http://www.bancentral.gov.do/notas_del_bc.asp?a=bc2010-06-22
More... (http://www.dr1.com/index.html#3)
Of the new jobs, 78.7%, equivalent to 102,656, are in the formal sector, while 21.3%, some 27,783 are in the informal sector.
Central Bank governor Hector Valdez Albizu said that the overall unemployment rate fell from 14.9% in October 2009 to 14.4% in April of this year. This rate includes, besides the openly unemployed, people who are available for work although they have not been actively seeking work (the hidden unemployed).
Speaking about the results of the National Labor Force Survey conducted during in 9,952 homes all over the country in April, Valdez Albizu said that the Open Unemployment Rate also fell from 5.1% in October 2009 to 4.5% in April 2010, below countries like Mexico (5.3%), Uruguay (7.4%), Brazil (7.4%) and Chile (9.0%).
The Open Unemployment Rate is defined as the portion of the population that said that they were out of work in the reference period, and that are available for work immediately and have actively looked for work in the last 4 weeks.
Valdez Albizu said that the jobs were created due to the reactivation that the economy has experienced over the last couple of quarters, chiefly in sectors that have shown the greatest activity such as farming, manufacturing, construction and trade, as a result of the easing of the economic policies.
See http://www.bancentral.gov.do/notas_del_bc.asp?a=bc2010-06-22
More... (http://www.dr1.com/index.html#3)