Costa Rica Unemployment Rate

Last Release

Mar 31, 2024

Actual

7.8

Units In

7.3

Frequency

Quarterly

Next Release

Jan 31, 2025

Time to Release

29 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
24 Jun 2020	7.3 Dec 2023	11.21 %	2010-2024	N/A

In Costa Rica, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Latest Updates

The unemployment rate in Costa Rica fell to 6.6% in the third quarter of 2024, down from 8.1% in the same period last year. This was the lowest jobless rate since 2010 as the number of unemployed individuals declined by 23.6 thousand from the previous year to 159.05 thousand. Concurrently, the employment rate rose to 53.5%, up from 50.0%, with the number of employed individuals increasing by 177.66 thousand to 2.26 million. Meanwhile, the labor force participation rate increased to 57.3% from 54.3%.