Panama: Labor Hiring Down 4%


News from Panama / Monday, September 17th, 2018

In the first eight months of the year, the authorities registered 179,000 work contracts, 4% less than the 186,000 contracts reported in the same period in 2017.

According to figures from the Ministry of Labor and Labor Development between the first eight months of 2017 and the same period in 2018, the types of permanent contracts registered an increase, rising from 49,849 to 51,598.

The ministerial reports detail that fixed term contracts and contracts for specific projects registered a decrease in the periods in question, decreasing from 76,838 and 59,395 to 76,331 and 50,853 respectively.

In relation to the proportion of temporary employment contracts, which take into account those for fixed terms and specific projects, their proportion of the total in the first eight months of the year was reduced with respect to the same period in 2017, falling from 73% to 69%.

See complete figures for the first eight months of 2017 and 2018. (In Spanish)

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