Panama needs to create 30,000 jobs a year to maintain good unemployment rate

Economy

The country needs to generate 30 thousand jobs a year to maintain a healthy unemployment rate

INTERVIEW

The vice-minister of Economy, Gustavo Valderrama, focuses the fall of unemployment and retail consumption in the lack of specialized labor and a projection of the business sector based on the growth of the last five years. So he spoke to the Polygraph.

What do they do to boost the retail consumer economy?

That moves in cycles. She offers 3%, it is not the cycle that was kept at 5%. What has driven downward is the entry of fewer tourists to Panama. The expense of tourism has not behaved as in previous years but that also has its explanation of why it has not had the result we have expected.

What went wrong in the tourism sector?

The figures showed, since the investments were developed in new hotel rooms, that the growth of tourism was well below the rate of growth of hotel supply. It was known that when this great offer was ready, it would not have the arrival of tourists to fill the rooms. A State project had to be done to promote the country and manage to alleviate this element. In addition, it has happened that the oil fell and the Latin American producing countries had a devaluation of their currencies that made coming to Panama very expensive.

READ MORE;http://elsiglo.com.pa/panama/falta-curriculum-causa-aumento-desempleo/24060854

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Conservation
PANAMA to host important meeting about sustainable fishing operations.

https://newsroompanama.com/2025/07/11/the-meeting-of-the-inter-american-tropical-tuna-commission-will-be-hosted-again-by-panama/ From September 1 to 5, 2025, Panama will host the meeting of the Inter-American Tropical Tuna Commission (IATTC) for the second consecutive year. This international meeting will bring together representatives from 20 countries, more than a dozen non-governmental organizations, 250 in-person observers, and another 200 participants connected virtually, with the aim …

Agriculture
Massive layoffs disrupt labor in BDT from “Chiquita” situation.

https://newsroompanama.com/2025/07/11/after-massive-layoffs-in-bocas-panamas-president-mulino-pushes-for-chiquitas-return/ Panama’s President José Raúl Mulino pledged on Wednesday to do everything possible to convince U.S. banana giant Chiquita Brands to resume operations in the country, after the company shut down during a strike and protests that caused it millions in losses. Chiquita ceased operations and laid off about 7,000 workers at …

Economy
BAC steps up to be the biggest PANAMANIAN bank on the world stage.

https://newsroompanama.com/2025/07/04/panama-bac-completes-the-largest-financing-transaction-in-its-history/ BAC International Bank, Inc. (BAC) successfully closed a USD 500 million international syndicated financing, making it the largest financing of its kind in the history of a Panamanian banking institution. The transaction, led by Sumitomo Mitsui Banking Corporation (SMBC), JPMorgan Chase Bank, NA (“JPMorgan”), and Wells Fargo, significantly exceeded the …