Issue link: https://read.uberflip.com/i/1505080
Talent Solutions - Latin America QMR Q2 2023 | 49 Ecuador ▪ 20% of the Labor Force is 55 years+ ▪ Retirement age ▪ 65 years ▪ Compared to Q1 2019, the number of participants in the Labor force has increased across each of the age groups. The largest percentage increase was in the 45-54 year old age group, which experienced 9% growth. Latest Available Data Q2 2023 Total Labor Force (000s) 8,503 Employed Workers (000s) 8,163 Unemployed Workers (000s) 340 Unemployment Rate 4.0% 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+ ▪ 63% of the Unemployed Population has been unemployed for less than 3 months. ILOSTAT https://www.ecuadorencifras.gob.ec/estadistic as-laborales-enero-2023-2/