Issue link: https://read.uberflip.com/i/1505080
Talent Solutions - Latin America QMR Q2 2023 | 48 Dominican Republic ▪ 18% of the Labor Force is 55 years+ ▪ Retirement age ▪ 60 years ▪ Compared to Q1 2019, there has been a slight fall in the number of Labor force participants in the 35-54 year old age groups. Over the same period, 55-64 and 65 years+ age groups have increased by 7% and 10% respectively. Latest Available Data Q2 2023 Total Labor Force (000s) 5,014 Employed Workers (000s) 4,773 Unemployed Workers (000s) 241 Unemployment Rate 4.8% Workforce Statistics Age Profile of Labor Force Labor Force Participation Rates by Age and Sex Number of Participants in Labor Force By Age (000s) Distribution of Status in Employment Duration of Unemployment – 25 years+ ▪ 64% of the Unemployed Population has been unemployed for less than 3 months. ILOSTAT https://bancentral.gov.do