A. M. 
During 2024, the economies of Latin America and the Caribbean have shown a solid recovery in the labor market, with a growth in employment generation of 1.7%, according to the Preliminary Overview of the Economies of Latin America and the Caribbean 2024 of the Economic Commission for Latin America and the Caribbean (ECLAC). This progress reflects the dynamism of various sectors that continue to adapt positively to global and regional conditions.
The industrial sector stands out with a notable 2.3% increase in employment, led by the boost in activities related to the generation of electricity, gas and water. This industrial dynamism has been complemented by the 2% growth in the services sector, which continues to be the main generator of employment in the region.
In addition, the positive evolution of the labor market has been reflected in the reduction of informal employment rates, while real wages have shown a sustained increase. This has resulted in a decrease in unemployment levels, reflecting an optimistic outlook for regional workers.
Another favorable aspect is the reduction in unemployment and participation gaps between men and women, an encouraging trend that continues to strengthen as labor inclusion policies advance. This has allowed more people to access formal and quality jobs.
Despite these achievements, some challenges remain, especially in terms of labor participation. However, projections remain optimistic, with the region moving towards a stable recovery that favors sustained employment growth and improved working conditions for all.
