Economic Survey of Latin America and the Caribbean 1991

image of Economic Survey of Latin America and the Caribbean 1991

Published in two volumes - volume I gives insight into the economic trends, the international economy and the role of exchange rate policy in Latin America and the Caribbean. Volume II explores the economic developments by country. Complimentary tables of statistics are included.



Employment and wages

The moderate, if uneven, recovery of economic activity in the region as a whole in 1991, sparked modest growth in employment in formal activities and a slight decrease in unemployment, which still affects more than 5.5% of the workforce in the urban area. The differing rates of increase, however (in several countries, it was very slight and, in others, the level of activity even went down) were mirrored in the very heterogeneous development of formal employment, which rose satisfactorily in some countries while in others the downward trend of the 1980s continued.


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