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Labour market indicators
Unemployment rate in
1999:
11.8%
(ILO data)
Working population:
Employment by sector:
| Sources: ILO, Eurostat, last available data |
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Employment contracts
The employment contracts are regulated by legal clauses and to a lesser degree by collective agreements and individual negotiations.
The terms of employment contracts, the conditions for hiring and the limits for dismissal are rigid.
Salaries
National monthly minimum wage as of 01/01/03:
from US$ 0.80 to US$ 1.50 by hour, depending on the activity sector and the area
Average wage for a employee
in the manufacturing industry in
2004:
1.9
balboas
by
hour
(ILO data)
Social security contributions
Employer: 10.75 %.
Employee:
7.25 %.
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