Job Vacancy Index for Costa Rica 2010 - 2021

Esteban Sánchez-Gómez ()
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Esteban Sánchez-Gómez: Department of Economic Analysis, Central Bank of Costa Rica

No 2202, Notas Técnicas from Banco Central de Costa Rica

Abstract: This paper presents a first labor demand index for Costa Rica, calculated from the National Employment Agency (NEA) website. The index shows procyclical behavior. Furthermore, the vacancy creation index showed a trend consistent with the heterogeneity in the economic activity across sectors, regions, and occupations during 2010-2021. Particularly, in the context of the COVID-19 pandemic, the activities most affected by the mobility restrictions during the first half of 2020 also reported the deepest contractions in their labor demand. Between the second half of 2020 through the last months of 2021, industries such as manufacturing, administrative and support service activities, information, and communication stood out for their more pronounced increase in their labor demand. Firms located in Heredia, Cartago, and Guanacaste, and occupations related to operators and assemblers of manufactures, professionals and scientists, and workers for support services and administrative services also reported higher vacancy creation. *** Resumen: Este artículo presenta el primer índice de demanda de trabajo para Costa Rica, denominado “Índice de Avisos de Empleo” (IAE). Se calcula para el periodo 2010-2021 con información obtenida del sitio web de la Agencia Nacional de Empleo (ANE). El IAE muestra un comportamiento procíclico. Su estimación por actividad económica, provincia y grupos ocupacionales es coherente con la dinámica de la economía en el periodo de estudio. En particular, en el contexto de la pandemia del COVID-19, se observa una contracción mayor en las actividades más afectadas por las medidas de restricción a la movilidad durante el primer semestre de 2020, mientras que en el periodo de recuperación (segundo semestre de 2020 y el año 2021) destaca su incremento en manufactura, servicios de apoyo a empresas e información y comunicaciones, así como de las empresas ubicadas en Heredia, Cartago y Guanacaste, y de las ocupaciones de operarios y ensambladores de manufactura, profesionales y científicas y personal de apoyo y administrativo.

Keywords: Stress Tests; Yield Curve Estimation; Financial Crisis; Pruebas de tensión; Curvas de rendimiento; Crisis financieras (search for similar items in EconPapers)
JEL-codes: J23 J60 J63 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2022-05
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Persistent link: https://EconPapers.repec.org/RePEc:apk:nottec:2202

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