Week 9

http://www.portafolio.com.co/economia/pais/ARTICULO-WEB-NOTA_INTERIOR_PORTA-6246248.html




LABOUR MARKET BREAK ITS TREND IN 2010, FOLLOWING IMPORVEMENT IN THE ECONOMY: CD
Figures released by the Dane indicate that unemployment is 'shot' and that by August and 000 2'428 Colombians were unemployed, some 241,000 more than the same month last year.
The Colombian labor market situation remains critical but consistent with the economic growth figures have three straight quarters down, the second quarter of 2009 decreased 0.5 percent compared to same period in 2008, according to official figures, the which confirms the stagnation of the national economy.
"This palpable reality that there are insufficient resources, is urging members of the household to leave their status of housewife or student to go out to work," said Ricardo Bonilla, a researcher at the Centre for Development Research ( CID) of the Universidad Nacional de Colombia.
This is evident in the growth of the General Rate of Participation (TGP), which measures the total number of persons in the labor market and job seekers to last August, which stood at 60.4 percent compared with 58 percent of the month of 2008 in total.
Likewise, in the measurement of mobile quarter is between June and August last year TGP 58 percent scored in the national total compared to 61 percent from the same period this year, according to the Dane.
That most people who came to seek employment could not be absorbed by the labor market, and hence a growth in unemployment rate for August was 11.7 percent, compared with 11.2 percent the same month 2008, while in the moving quarter June-August, the indicator rose from 11.5 percent last year from the current 11.9.
"This will only change when the Colombian economy to grow again and it would be possible only from the fourth quarter of this year or first of 2010. The experience shows that employers are beginning to recruit staff with a lag of about six months positive variation of gross domestic product (GDP), so the labor market trend break in early to mid next year, "said Bonilla.
CID investigator also stressed that while the employment rate has grown, from 51.5 percent in August 2008 to 53.3 percent in the same month this year, employment is poor quality or self.
According to Bonilla, "if you see the distribution and variation of the employed population for the moving quarter June-August between 2008 and 2009, much remains the self-employed workers with 42.3 percent share and a growth of 6 , 8 percent, while the laborer but are 5.2 percent of the total rose 36.3 percent. "
"For their part, private sector employees represent 34.3 percent, but rose only 0.2 percent, while government employees, who are 4.8 percent, fell 7 percent," the researcher CID.