区域工作更新

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Jobs are a primary mechanism for poverty reduction in Latin America and the Caribbean (LAC), accounting for two-thirds of the decline during the last period of rapid progress (2009-14) [4] - LAC generated approximately 27 million net new jobs over the past decade, with job growth rates comparable to other world regions [4][30] - The labor market is expected to become less dynamic in 2025 due to downgraded economic growth projections [7] Trends and Projections - The labor market performance in LAC has mirrored the region's business cycle, with employment growth stabilizing at around 2 percent year-over-year since Q3 2023 [5][6] - Job creation is projected to decline slightly to 1.6 percent year-to-year in 2025, down from about 2 percent in 2024 [7] - Youth unemployment fell by more than 5 percentage points since 2016, primarily due to growth in salaried jobs in the private sector [4][38] Labor Market Structure - The working-age employment rate increased by 1.3 percentage points to 58.9 percent in 2024, while unemployment dropped from 8.5 to 6.2 percent [37] - Youth unemployment remained high at 14 percent in 2024, more than double the overall unemployment rate [38] - Labor informality remains a significant challenge, with informality rates declining to 42.1 percent of workers by 2024 [52][53] Labor Incomes - Labor market incomes exhibited limited gains with an annualized growth of 0.3 percent from 2016 to 2019, while post-pandemic recovery saw earnings rise by at least 3 percent across most socioeconomic groups in 2024 [61][62] - Gender earnings disparities persisted, with women earning on average about 22 percent less than men [62][63] - The LAC region is among the most unequal globally, with significant labor market disparities driving this inequality [69] Sectoral Reallocations - Structural transformation in LAC has been slow, with inconsistent reallocation of workers toward higher-productivity sectors [90] - Employment has shifted toward higher-productivity sectors like transportation and finance in some countries, while others have seen increases in low-productivity sectors [91][93]