Paraguayan President celebrates drop in unemployment

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Paraguayan President celebrates drop in unemployment

Paraguayan President Santiago Peña Thursday celebrated the creation of over 96,000 new jobs since the start of his administration, according to a study from the National Institute of Statistics (INE) released in Asunción which showed a significant increase from the third quarter of 2023 to the fourth quarter of 2024, with major growth in commerce, restaurants, hotels, community services, and construction sectors.

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According to the quarterly employment bulletin of the National Institute of Statistics (INE), corresponding to the last quarter of 2024, a slight increase of 0.3 percentage points in the labour force rate was observed over the same period of the previous year, at 71.4%, i.e. 3,139,430 persons. In absolute terms, it represented an increase of 37,823 persons and occurred mainly in urban areas. In this context, it should be noted that the populatio…