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Labour market indicators
Unemployment rate in
1999
:
11.8%
(ILO data)
Working population:
|
Year
|
Total Population
|
Working population
|
Activity rate
|
|
2004
|
3 027 812
|
1 280 825
|
42%
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Employment by sector:
|
Year
|
Agriculture
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Industry
|
Services
|
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2003
|
17.5%
|
17.2%
|
65.2%
|
| Sources: ILO, Eurostat, last available data |
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Employment contracts
The employment contracts are regulated by legal clauses and to a lesser degree by collective agreements and individual negotiations.
The terms of employment contracts, the conditions for hiring and the limits for dismissal are rigid.
Salaries
National monthly minimum wage as of
01/01/03
:
from US$ 0.80 to US$ 1.50 by hour, depending on the activity sector and the area
Average wage for a
employee
in the manufacturing industry in
1999
:
251
balboas
by
month
(ILO data)
Social security contributions
Employer:
10.75 %.
Employee:
7.25 %.
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Number of hours
Legal definition of full time work (per week):
48 hours
Retirement age:
57 for women and 62 for men.
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Unions
Average rate of union membership:
10 %.
Unions:
There are 257 trade unions gathered in 48 federations and 7 confederations.
Useful links
For further informations on the labour market, check out the following web sites:
- International Labour Organization (ILO): studies, statistics and reports on working conditions and labour markets
- NATLEX : ILO database on national labour laws
-
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Last modified in
January 2006
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