Monday, January 22, 2018
On January 19, 2018, the Central Bank of Nicaragua (BCN) published statistics on the labor market (employment and salary) for the month of November 2017.
The administrative records of the INSS indicate that in November membership was 921,328 workers, 5.0 percent higher than in the same month in the previous year. In interannual terms, the economic activities that experienced the greatest increase were: agriculture, forestry, hunting and fishing (10.8%); electricity, gas and water (10.2%); commerce, hotels and restaurants (6.8%); and transport, storage and communications (4.4%).
In addition, it was observed that the average nominal salary of affiliates stood at 9,909.8 cordobas, registering a year-on-year increase of 6.1 percent. On the other hand, the real wage showed a slight year-on-year increase of 0.7 percent, standing at 4,536.4 córdobas in 2006.