Job Creation in Latam and Caribbean Slows Down - ECLAC

A joint report by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO) said that "although the region's economies grew by 6.6 % in 2021, the recovery in employment has been slow, partial and uneven."

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According to the report, in many countries throughout the region, job creation does not match economic activity growth. 

In this sense, ECLAC and ILO called on nations not to neglect such a dynamic, saying that it "plays a fundamental role in implementing better and more timely labor policies."

The report also said that "it is necessary to strengthen instruments that facilitate the reincorporation of people into the labor market."

Mario Cimoli, acting Executive Secretary of ECLAC: In this context of disarticulation of globalization, the territorial assumes more value because productive activities, job creation, tasks and functions are more important.
 

On the impact of the pandemic on women's employment, ECLAC and the ILO said that there was "a setback equivalent to more than 18 years in the levels of women's participation rate, as they are responsible for the care of the sick, children and the elderly."

The report forecast that by 2022 "progress in the vaccination process, reduced restrictions on mobility and the reopening of schools will drive a recovery in participation levels, especially for women." 

The organizations recommended creating public policies targeting the most vulnerable groups such as "the granting of hiring subsidies; the activation of institutionalized instruments such as collective bargaining and the readjustment of the minimum wage; and the reactivation of dialogue mechanisms between governments, workers, and employers."

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