Business & Pleasure March 21, 2022 | 4:16 pm

Young people occupied 86.2% of the jobs created in 2021

Santo Domingo, DR

At the end of 2021, 267,478 new jobs were created in the country, representing 6.1% more than the last quarter of the previous year and showing that the Dominican labor market is heading towards recovery.

The most favored have been young people, people between the ages of 15 and 24, who accounted for 86.2% of the new jobs generated in the economy last year, according to the continuous national labor force survey (ENCFT ) recently published by the Central Bank (BCRD).

The report details that the youth population occupies 75,321 of the new jobs created, while people between the ages of 25 and 39 occupy 67,784 of the additional positions; the group of 40-59 years old 3,833 those of 60 years and over 19,052.

Education level

The report details that the occupation for people with secondary studies registered an increase of 146,254 new jobs; university students occupied 51,470 of the positions added to the market, and people without training only occupied 7,159 positions.

The occupations carried out by people with a primary education level registered a drop of 38,834 fewer jobs, establishes the document. This shows that the Dominican labor market increasingly demands young and trained personnel.

sectors

The economic sectors where the majority of jobs were created were other services (65,697), construction (65,094), commerce (31,835), hotels, bars and restaurants (22,495), electricity and water (11,007), teaching (10,620), and financial intermediation and insurance (5,844).

On the other hand, there was a reduction of 28,157 jobs in agriculture and livestock, in industry 8,518; in public administration and defense 5,401 and health and social assistance 4,116.

The report also establishes that most jobs created in 2021 were self-employed, representing 44.8% (74,333) of new jobs; These are followed by private employees, representing 17.8% (29,565) of the additional employed.

Domestic workers represented 15.9% (26,331) of the newly employed; employers or partners 10.1% (16,706); those who work as unpaid family members 8.9% and State employees 2.6% (4,328).

Unemployment

Although the labor market is recovering, many people are unemployed and have tired of looking for work.

“ This group in the October-December 2021 quarter was placed at 355,882 people aged 15 and over, of which 71.1% indicated as a reason for not searching that they got tired of searching (47.1%) and family responsibilities or household chores ( 24.0%)”, indicates the report.

Other reasons why this segment of the population did not look for work were family responsibilities or housework because they are studying. In addition, for health reasons, employers do not give them work because of their age. After all, they do not have enough education or experience because she is pregnant.

Gender

There was an increase of 87,729 jobs for men, while for women, 78,261 new jobs were created.

informal

Last year it stood at 58.1% in the country. Moreover, 82.3% of those employed in the informal sector have an educational level equal to or less than secondary.

Entry

The average income in the formal sector was RD$133.6 per hour and RD$93.5 in the informal sector.

0 0 votes
Article Rating
0 Comments
Inline Feedbacks
View all comments