Unemployment and underemployment rose in Ecuador in January compared to 2023 - Confirmed

Unemployment and underemployment rose in Ecuador in January compared to 2023 - Confirmed

The INEC report reveals a deterioration in Ecuador’s labor market, marked by an increase in unemployment and underemployment during January. This situation indicates that a smaller proportion of the economically active population is accessing decent jobs, affecting their ability to adequately sustain themselves. The context is further complicated by the recent implementation of a VAT increase, a measure driven by the government to fund security policies. This decision has sparked public controversy and criticism, exacerbating perceptions of economic instability among citizens. This analysis is relevant to the open data movement, as it highlights the importance of monitoring employment quality indicators to assess the real impact of fiscal reforms. Transparency in these data allows civil society to question public policies and demand measures that prioritize labor welfare over tax adjustments.

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