Unemployment rate only tells a part of the story, officials note

The nation’s jobless rate remains stable at 9.4 percent, according to the labor ministry. But like all statistics, this one does not reflect the real situation.

The Ministerio de Trabajo y Seguridad Social said that those who were underemployed dropped five points to 8.3 percent, again based on statistics from the Instituto Nacional de Estadística y Censos.

The numbers, of course, do not reflect the persons who are laboring off the books in what is called the informal economy.  Also not counted are those who say they have given up looking for work for various reasons.

The ministry said that the institute study reports that informal employment fell three points to 41.8 percent. That’s a large number of people who probably are working without the

Here are some of the 1,000 young people who participated in a program Thursday to improve job skills and also the way to seek one. The event, sponsored by the Ministerio de Trabajo y Seguridad Social, was at Parque La Libertad.

Here are some of the 1,000 young people who participated in a program Thursday to improve job skills and also the way to seek one. The event, sponsored by the Ministerio de Trabajo y Seguridad Social, was at Parque La Libertad.

protection of the Caja Costarricense de Seguro Social and probably at less than minimum wage.

Nevertheless, the Caja said that from June 2015 to this June the number of persons registered increased 52,000 to about 1.7 million.

The numbers do not take into account the individual situations. About 1,000 young adults showed up Thursday for a training session sponsored by the ministry and Banco Popular.

The young adults were those under 24 who are involved in other government job programs.

Costa Rican officials and the law generally discourage those under 18 from holding a full-time job, so most Costa Rican young men and women are late in entering the labor market. That is one factor that promotes the informal job market and criminality, officials have said.

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