He unemployment in Ecuador fell in one year from 4.3% to 3.9%, as he announced National Institute of Statistics and Censuses (INEC) during the publication of the latest data on employment, unemployment and underemployment, March 22. Thus, in February 2022, there were 368,654 unemployed, and now, in February 2023, the number has dropped to 328,622 (39,032 less unemployed). Although the decline is not statistically significant, the results in rural areas are more convincing. In this case, it dropped from 2.2% to 1.3%, which is a statistically significant variation. Namely, in February 2022 there were 63,873 unemployed people in rural areas, and in February 2023 it decreased to 14,801, according to the data of the Bureau of Statistics.

Meanwhile, you can also see an increase in a corresponding employment relationship or also called full-time employment. While in February 2022 it was 31.7% of employees in full working condition, that is, with 40 or more hours of work and at least the basic salary, for February of this year the percentage reaches 32.9%; Always from February to February. In the number of workers, these percentages show that the number of full-time workers increased from 328,622 to 367,654.

Nationally, the rate of adequate employment is located at 32.9%, but looking by area, it is concluded that it is located at 41.6% for the metropolitan area, and at 16.4% for a rural area. As for the general indicator of full employment, with regard to the number of workers, it ranged from 2,685,359 to 2,803,265, which represents an increase in the number of open jobs by 117,709 in one year.

By separating unemployment by by gender, the results show that women have a higher rate compared to their male counterparts. Nationally, 4.6% of women in the EAP were unemployed, while the rate for men was 3.3%. The difference of 1.2 percentage points between the unemployment rate of men and women was statistically significant.

At the national level, the main results of the labor market reflect that the global participation rate was 65.6%, the appropriate employment rate 32.9%, underemployment 21.6%, other underemployment 30.4%, unpaid employment 11.0%, while unclassified employment was 0.2%. Unemployment at the national level reached a rate of 3.9% of the economically active population (EAP).