区域就业更新：来自拉丁美洲和加勒比地区劳动力调查的见解（英）2025

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 global regions [4][30] - The labor market is expected to become less dynamic in 2025 due to downgraded economic growth projections [7] Summary by Sections 1. Trends and Projections - Employment creation and earnings growth were instrumental in reducing poverty rates to prepandemic levels [5] - Labor market performance has stabilized at historical rates of approximately 2 percent year-over-year since Q3 2023 [6] - Job creation is projected to decline slightly to 1.6 percent year-to-year in 2025 [7] 2. 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 fell by over 5 percentage points since 2016 but remained high at 14 percent in 2024 [38] - Labor informality rates declined by 2.3 percentage points to 42.1 percent of workers from 2016 to 2024 [52] 3. Labor Incomes - Labor market incomes exhibited limited gains with an annualized growth of 0.3 percent from 2016 to 2019 [61] - In 2024, earnings rose by at least 3 percent across most socioeconomic groups, but workers with low educational attainment experienced only 0.8 percent growth [62] - Gender earnings disparities remained stagnant, with women earning on average about 22 percent less than men [62] 4. Sectoral Reallocations - Structural transformation has been slow, with inconsistent reallocation of workers toward higher-productivity sectors [90] - Employment has shifted toward higher-productivity sectors in some countries like Brazil and Mexico, while others like Argentina and Bolivia have seen increases in low-productivity sectors [93]