Panama to create 260,000 jobs in five years

The Government of Panama will seek to create some 260,000 jobs over the next five years, the country's Minister of Labor, Luis Ernesto Carles, said.

He added that the country has created a committee with labor unions, businesses and schools to design a strategy to reach the employment goal.

Panama's unemployment rate is less than 4 percent, but for Carles, the main issue is informal employment, which currently accounts for 39 percent of the country's workers.

Full story (in Spanish)