Employment and wages
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1997-1998 , pp 83-100
- Publication Date: December 1998
- DOI: https://doi.org/10.18356/a653156c-en
- Language: English
At the regional level, a moderate improvement was seen in the labour market as the pace of economic growth accelerated, and employment and average labour productivity both rose substantially. A small decline was also registered in open unemployment -from 7.7% to 7.3%-but even so the latter rate was still the second highest of the decade. This fact attests to the seriousness of the labour situation in many countries, although it is also true that the figure for the region as a whole was influenced by Brazil's sluggish rate of job creation. Meanwhile, the regional averages for mean and minimum wage levels rose in real terms.
© United Nations
ISBN (PDF):
9789210582971
Book DOI:
https://doi.org/10.18356/5777322d-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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