force participation rate and employment both improved in the year, figures for some of the groups hit hardest by the … wages and real wages. The second section of this report outlines how real wages in the region remain further from pre …-pandemic levels than employment and economic activity, and underscores the importance of institutional mechanisms and social dialogue …

labour markets in 2020. The year ended with a 7.1% decline in GDP, which translated into a sharp drop in employment and an … in the second quarter of 2020, and the contraction in informal employment was greater than that of formal employment …. With the gradual easing of lockdown measures, labour force participation has picked up and employment is recovering slowly …