NewsWhore
06-15-2011, 03:30 PM
The Dominican Republic has exceeded the median unemployment rate in Latin America and the Caribbean, which was high to start with, as reported in the The Employment Situation in Latin America and the Caribbean report released today by ECLAC and ILO, two United Nations agencies. Hoy newspaper, the average urban unemployment rate for the region as calculated by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO) was 10.3 percent and the Dominican average was set at 13.9 percent back in 2000, but in 2010 the Dominican average was 14.3% and the regional average was down to 7.3%. Vigorous economic recovery in the region will lead to the creation of more jobs and a reduction in the urban unemployment numbers, according to the international economic analysts.
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