Unemployment to Rise in Latin America and Caribbean in 2016
According to the International Labour Organization and the Economic Commission for Latin America and the Caribbean (ECLAC), unemployment is set to rise in the Latin America and Caribbean labour markets. Both UN organisations state that the evolution of labour markets in Latin America and the Caribbean during 2016 will generally be negative, due to forecasts for a more deteriorated macroeconomic context and growth levels than last year and to the weakening of some employment indicators. These factors, along with the low dynamism in job creation, will likely lead to an increase in urban unemployment of more than half a percentage point (0.5%) in 2016 versus 2015. In general, in Central American countries, Mexico, the Dominican Republic and the Caribbean nations the labour market 's evolution was more favorable than in South America, whose performance was affected by the impact of the external context on its economic activity and inflation, among other factors.