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Spanish >> Latin America
Last updated on 30/07/2018 – 08:38
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By René Quenallata Paredes
THE PAZ, July 29 (Bolivia) – Bolivia It records the lowest unemployment rate of the Latin American region in the urban area, where other countries are above 6%, said Sunday the director of the National Institute of Statistics (INE) , Santiago Farjat.
He told reporters after an interview with state radio that the unemployment rate in the South American country rose to 4.48 percent in 2017, the lowest percentage of unemployed of the region, after having 8.1 per cent in 2005.
The highest unemployment rates at the regional level were last year in Brazil (11.8 per cent), Colombia (9.6 per cent %), Uruguay (7.6%) and Argentina (7%). , 2%), according to data from the INE.
Farjat explained that according to government programs, the year the gap in employment was reduced by almost 1 percentage point compared to 2016.
In 2016, men registered 4 percent and women an unemployment rate of 5 percent.
In Bolivia, women have According to data from the INE's Continuing Employment Survey, the unemployment rate is higher than that of men in urban areas.
In 2017, men recorded an unemployment rate of 4.2%, while women reached 4.9%
"41% of the country's labor force is employed. 9% who is not paid and we have a 10% who is unpaid, "Farjat said.
The main economic activities that generate jobs in the country are accommodation and gastronomy, which until the fourth quarter last year, they experienced 19% growth and generated nearly 50,000 jobs.
With regard to educational attainment, 44% of employed persons had a lower secondary education level, while 12.4% with a diploma or type of technical education [19659005] With regard to age related to occupation, more than 50% were between 29 and 59 years old.
Informality in turn fell to 45, 98%, when Bolivia became the second country with the highest level of reduction of this variable after Uruguay.
The Ministry of Economy said Saturday that Bolivia was the second country with the highest level of reduction. Informational
The clarification came before the media report that the Bolivian economy has the highest informality in the world.
According to a study by the International Monetary Fund (IMF), Bolivia has 62.3 percent of the informal economy, followed by Zimbabwe with 60.6 percent, out of a total of 158 countries.
The entity said that she did not agree with this method of calculating the informal index.
this feeling that the country has reduced this indicator to 45.98 percent, thanks to the economic policies applied with the new model of Productive Economic and Social Community.
The 62 percent of informality in the Bolivian economy is nothing other than the average of the 1991-2015 period, as it explains essentially by the performance between 1991 and 2005, according to the portfolio of the Economy.
For the Ministry of Economy, among many other factors, the malidad as an economic problem is a legacy of neoliberal economic policy that has resulted in a limited formal business fabric due to the lack of sustainability of macroeconomic performance.
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