Close Gallery
Public works, a major factor.
Zoom Picture

 SANTO DOMINGO. - Central banker Héctor Valdez Albizu affirmed Tuesday that the unemployment rate fell from 14.9 to 14.4 from October to April and reiterated that the economy will grow 7.5% in the second half.

He based his figures on the results of a nationwide survey on the labor market, with an allowable error of 5%, "quite close to reality." “The results of this survey are very encouraging and correspond to what we’ve been indicating on the effect of the economy’s growth on employment."

Valdez Albizu said 130,440 new jobs were added to the market from October 2009 to April this year, a fall of 0.5 percentage points in the unemployment rate.

He said the new jobs were in manufacturing 115,78; wholesale and retail sales 13,534; agriculture and livestock 11,950; construction 11,886; transport and communication 8,314, and 28,558 in other activities, adding that 78% of the total were in the formal sector.

The Central banker attributed the improvement in jobs and the economic performance on the signing of the agreement with the International Monetary Fund, which injected currently to the economy.

Share / Recommend this article: FacebookFacebook Digg thisDigg this del.icio.usdel.icio.us TechnoratiTechnorati YahooYahoo Facebook
COMMENTS
21 comment(s)
Written by: juanb, 22 Jun 2010 2:50 PM
From: Dominican Republic
Stop the lies.

Less people are working every day. NEVER believe a gobernista. NEVER!!!

Read what he said, carefully. There was a one half of one percent growth, with an allowable error of 5 percent. That way, when we someday (if ever) discover the truth, that we lost jobs not gained them, he can say, "Well, it was within the allowable tolerance for error."

I, for one, have no more tolerance for their errors.
Written by: juanb, 22 Jun 2010 2:56 PM
From: Dominican Republic
Any one else notice that the big supermarkets on Saturday and Sunday have half their cashier aisles open. They used to all be open, but since there is no money on the streets they have cut back on their staffs. More jobs lost.
Written by: ElProfe This user is banned, 22 Jun 2010 3:00 PM
From: Dominican Republic, Jarabacoa

"Valdez Albizu said 130,440 new jobs were added to the market from October 2009 to April this year, and 28,558 in other activities"

I wonder what "Other Activities" includes??????

Could it be prostitution?
Written by: Ricardolito, 22 Jun 2010 3:07 PM
From: Dominican Republic, Zona Colonial
If what juanb writes is in fact correct, then there has to a big disparity between different parts of the country because I have noticed that the supermarkets in Herrera and around the Churchill and Lincoln areas are really very very busy and the number of people in Conde , even now in the low season is incredible. On Sunday as I returned to Bayahibe from the capital I tried to buy some things , first at San pedro and then in la Romana and the shops were very busy . In summary I think the capital and the east are doing quite well now ,from general observations but I , like juanb,distrust the statistics that are issued as they are never consistent .
Written by: Juango, 22 Jun 2010 3:11 PM
From: United States, far S. Florida (formerly Santo Domingo)
Héctor Valdez Albizu has just recently graduated from the Obama School of Economics. They can all state what they wish, but what I see with my own "lying" eyes, is something else. These types of fellows give ECONOMIST a bad name !
Written by: Ricardolito, 22 Jun 2010 3:15 PM
From: Dominican Republic, Zona Colonial
The only corroborating evidence we have that the economy may be on the way up is that the tax collections have gone up and as much of the tax is the direct tax on nearly every thing we buy ,it does suggest that at least some of the population is spending ok .
Written by: dominicanheartbeat, 22 Jun 2010 4:19 PM
From: Dominican Republic
Oh yes , how true ! There does seem to be an unusual amount of motoconcho activity on the streets of Sosua as of late .
Written by: lovingit, 22 Jun 2010 4:35 PM
From: United States, Delaware
.5%? not even 1%... so that makes that a part-time job?

Just joking :-)
Written by: hellborn25, 22 Jun 2010 5:25 PM
From: United States, New Jersey Home of the brave.
I wish we could shoot every montoconcho rider in santo domingo , there all animals
Written by: VeronicaDR, 22 Jun 2010 5:48 PM
From: United States
I can say there is less money being spent in our families colmado in Santiago for sure. Our local neighborhood can report less jobs and less money on the streets. We also have much bigger grocery bill credits in the colmado. The cycle keeps going. Good families have lost their income and are making bigger debts. That's all we see in the last year or so.
Written by: Belly, 22 Jun 2010 6:30 PM
From: United States, Seattle, W.A.
Now if only immigration laws were enforced the unemployment rate would go down dramatically as well as the under-unemployment that exists in DR.
Written by: dominicanheartbeat, 22 Jun 2010 6:54 PM
From: Dominican Republic
I seriously doubt that . Instead of 500 people for every job opening you would have 300 prospects for each one and out of those 300 , atleast 150 of them are too lazy to work at all and would still blame thier poverty on another scapegoat . Sadly, the reality is that the population is and will continue to grow but the job market will not . ( atleast under the current administration ).
Written by: Chompiras, 22 Jun 2010 7:15 PM
From: United States, Ateo, Humanista Secular
At this pace the DR will be a single digit unemployment country by 2015 and under 5% by 2020...E Pa lante que vamo'!!!
Written by: jhcl2012, 22 Jun 2010 10:11 PM
From: United States, PA - Mas pa'lante, ¡Manos a la obra!
"El pataleo" continues... Don't worry, take a rest till 2012, then more "pataleo" Condorito's style!!!

Afuera estan, afuera se quedaran!!!

(*;*)
Written by: ateo2010 This user is banned, 22 Jun 2010 10:21 PM
From: Dominican Republic, Owning Noobs
Chompiras, I really believe that the statics of employment are true. My friend is not even 18 and she already got a job at a local clothing store, and I got lots of young friends who have easily gotten jobs this year as well. And that's inside " a world economic crisis" imagine if there wasn't a crisis at all. There's still more to be done, and I hope unemployment rate continues decreasing.
Written by: lovingit, 23 Jun 2010 1:31 AM
From: United States, Delaware
Well, aside from my original joking post, I'll say it how I have seen it, but before that I ask a question?

How is unemployment measured in DR?
In the U.S. unemployment is measured by people that are currently not employed but are seeking for work. If you ARE NOT seeking work, then although you are NOT employed, you are not considered UNEMPLOYED.

Now how I see it:
Whenever I go to the DR and visit ANY establishment, especially places like Jumbo, La Sirena, Plaza Lama, Ferreterias, fast food places et al., I see a workforce that is at least 2 times larger than a comparable establishment in the US. I personally said on my trip last year "wow, here they have 2-3 people doing the job that in the US one person would have to do". Banks have more tellers and even have a coffee lady. My self explanation was "well, since labor is cheap, I guess it pays to have the extra workers"
Written by: lovingit, 23 Jun 2010 1:35 AM
From: United States, Delaware
cont...

If unemployment in DR includes those that are not seeking work, or not accepting available positions because "I am too good for it" or "oh no, I am not doing that" which I am sure is very common within Dominicans in the DR, then the unemployment numbers we see today may be bloated. Again, this is from what I see, and I do see that the jobs are out there and those that are seeking employment and are willing to take the available positions, whether that is pumping gas, a box boy, handing parking tickets at the parking lots, etc, will get them. Will it pay a misery? most likely. Does it offer a steady income to at least put a dent on your living expenses? of course!

Personally, I am a professional. I do something that I love to do and I am happy with the money I make. But if I was to loose my job, and looked for a job with no avail and my unemployment benefits were to run out, then you would probably find me delivering pizzas if that's what it takes to at least keep my house
Written by: dominicanheartbeat, 23 Jun 2010 9:40 AM
From: Dominican Republic
A very common and predictable site in any Dominican town is a group of healthy young male Dominicans sitting around on a street corner spit shining the mufflers on thier kawasakis as they sip mam juana and yell at 14 year girls passing by while thier girlfriends and wives are out working 12 hours a day 6 days a week . Why then do we wonder , are the Haitians taking all the booty for themselves ?
Written by: Ricardolito, 23 Jun 2010 1:10 PM
From: Dominican Republic, Zona Colonial
what a strange use of the word birth in the heading ,,birth is not a verb and has to be used with the verb to give ..who does these translations ??
Written by: THINK, 23 Jun 2010 1:23 PM
From: United States, SDQ -- Mia --NY


14.4% Unemployment , is that lie or real?

Bull xxxt in DR is so popular by those Government officials, never be any problems for your Moral Standard.

I can never believe that 14.4% unemployment rate in DR......Please tell the truth for God sake.
Written by: ateo2010 This user is banned, 23 Jun 2010 7:24 PM
From: Dominican Republic, Owning Noobs
The real unemployment rate in DR is about 7%, not 14.4%. There's a difference between unemployed because you got layoff or can't get a job, and unemployed just because you don't have to work, disable or retired.
Post Your Comment | Not a member? Create your account | Lost your password?
Write your opinion here. Please keep your comment relevant to this article. Please note that any comments which contain offensive language or discriminatory expressions may be edited/removed.
You must log in to post a comment:
Username Password