El Salvador registered 70,411 new jobs until August

The private sector hired 64,492 people until August of this year, reflecting a growth of 11% compared to the same period in 2021. The activities with the greatest dynamics are manufacturing, services, commerce, restaurants, hotels, and construction.

The good performance of the country’s economy and the strategies implemented by the government of President Nayib Bukele continue to benefit Salvadorans through new jobs.

According to the latest situation report from the Salvadoran Social Security Institute (ISSS), up to August 2022, a total of 70,411 new workers have been registered, of which 64,492 belong to the private sector and the rest to the public sector.

The institution’s statistics indicate that, in the first eight months of 2022, private sector registrations have grown by around 6% compared to the same period of the previous year, which confirms that the actions taken by the government have benefited the strength of national companies.

The report reflects that the activities that present the greatest growth dynamics are the manufacturing industry, the services sector, commerce, restaurants, and hotels. In addition, the construction sector reports an increase of 54%.

In total, the universe of employees registered in El Salvador until August of this year amounts to 943,200, about 133,191 more than in 2021.

The ISSS data confirms the good performance of the Salvadoran economy and the growing trend of people working, observed since June 2020, the lowest point caused by the pandemic.

In this sense, in the last year, the private sector has grown by 11%, while the public sector shows a slight decrease.

The ISSS data is supported by the Minister of Labor and Social Welfare (MTPS), Rolando Castro, who on previous occasions has affirmed that with government strategies, the jobs that were lost due to the COVID-19 pandemic have been recovered.

«In El Salvador, we are generating new jobs. Despite inflation, the conflicts that have arisen in the world and the pandemic, we have managed to generate more and better jobs. We are surpassing the creation of jobs from previous years; it is a generic rebound,» Castro stressed at a press conference months ago.

He added that the institution has focused on generating decent jobs for those who need them most, as well as verifying faithful compliance with the rights of workers in all economic areas of the country.

The database of the Ministry of Labor indicates that 10,687 employees have been placed through its employment exchange, 1,800 of whom are people with disabilities. In addition, it states that the majority of these jobs are for young people between 18 and 21 years old, followed by those between 22 and 30. However, placement at a source of employment includes people over 61 years of age.

On the other hand, the president of the Central Reserve Bank (BCR), Douglas Rodríguez, explained that the employment rate that the country currently registers will allow greater dynamism in the national economy.