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Latin America's Job Market Improves, Quality Still Lags

2/15/2025

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Summary

Story summary

Employment rates in Latin America and the Caribbean have improved since COVID-19, but job quality is still lacking.
The unemployment rate fell to 6.1% in 2024, yet labor activity remains below 2014 levels.
Women earn 20% less than men and have lower participation in the workforce.
Youth unemployment stands at 13.8%, three times higher than adult rates.
The ILO calls for policies to promote formal employment and improve job quality.

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Story summary

Employment rates in Latin America and the Caribbean have improved since COVID-19, but job quality is still lacking.
The unemployment rate fell to 6.1% in 2024, yet labor activity remains below 2014 levels.
Women earn 20% less than men and have lower participation in the workforce.
Youth unemployment stands at 13.8%, three times higher than adult rates.
The ILO calls for policies to promote formal employment and improve job quality.