El Salvador has created 87,934 new jobs between now and October 2022.

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

According to the latest situation report from the Salvadoran Social Security Institute (ISSS), as of October 2022, 87,934 new workers had registered, of which 80,678 corresponded to the private sector and 7,256 to the public sector.

The institution’s statistics indicate that, during the first 10 months of 2022, private sector enrollments have grown by around 9% compared to the same period of the previous year, which confirms that the actions taken by the government have benefited the solidity of national companies.

The report reflects that the activities that present the greatest growth dynamics are: the manufacturing industry, the services sector, and the restaurant and hotel industry. The public sector, for its part, registered a reduction. In addition, the construction sector reports an increase of 72%.

In total, the universe of employees registered by El Salvador until said period amounts to 956 556—some 146 547 more than in 2021.

The ISSS data confirm 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 9%, while the public sector has experienced a slight decrease.

The ISSS data is supported by the Minister of Labor and Social Welfare (MTPS), Rolando Castro, who on previous occasions has stated 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 job creation of previous years; it is a generic rebound,» Castro said 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 the faithful compliance of workers’ rights in all economic areas of the country.

On the other hand, the president of the Central Reserve Bank (BCR), Douglas Rodríguez, explained that the employment growth that the country currently registers will allow for greater dynamism in the national economy. He added that the boost in formal jobs means that companies are investing, they need labor, and tourists are demanding services.

«We are about to reach one million formal jobs; this has not been done in the history of El Salvador; it is a high employment rate; this translates into income for families,» said the president of the BCR.

«We are about to reach one million formal jobs; this has never been done in the history of El Salvador; it is a high employment rate; this translates into income for families.» Douglas Rodríguez, president of the BCR.