Economy Politics Country 2026-03-04T22:41:38+00:00

Panama adds over 27,000 jobs in a year, but unemployment still above 10%

According to the latest labor market survey, Panama recorded a 1.4% increase in employment, leading to the creation of over 27,000 new jobs. Despite this, the unemployment rate remains high at 10.4%, indicating ongoing economic challenges.


Panama adds over 27,000 jobs in a year, but unemployment still above 10%

Panama registered the creation of 27,547 new jobs between October 2024 and September 2025, according to data from the latest Labor Market Survey published by the Comptroller General of the Republic, representing a 1.4% growth in the employed population. With this increase, the country reached a total of 1,968,748 workers, in an economic context that, according to the report, shows signs of recovery and greater dynamism. The report also highlights that 45,469 people joined the labor force, reflecting an increase in economic participation and citizens' confidence in seeking employment. One of the most relevant data points is the leading role of women in this growth. Over 21,000 women entered the labor market, a 2.6% increase, which evidences greater inclusion and female participation in the economy. Regarding the sectors driving job creation, the services sector, which accounts for 70% of total employment, grew by 3.4%. Among the most dynamic activities are the real estate sector, energy (electricity, gas, and air conditioning), water and sanitation, financial services and insurance, as well as transportation and logistics. However, the report acknowledges that the country still faces significant challenges. The unemployment rate stood at 10.4%, a figure that, while reflecting pressure in the labor market, is also linked to the increase in people actively joining the workforce. Furthermore, gender gaps and inequalities between urban and rural areas persist, which calls for the implementation of targeted policies to promote formal employment and regional development. Looking ahead, the report concludes that Panama is undergoing a process of economic adjustment and transformation, with sectors that are generating real opportunities.