More than half of the formal jobs lost to COVID-19 have been recovered

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According to the TSS, the economy managed to replace about 292,000 formal jobs in the last five months.   The formal Dominican labor market continues its recovery process after being hit by the coronavirus pandemic last March, which forced employers to suspend thousands of workers and cancel elsewhere. Last October, the Social Security Treasury (TSS) registered 2,009,779 contributing employees, a figure that, although still below recorded in March 2020, represents an improvement compared to the months between April and September. At the end of March, 2,250,140 workers were listed on the TSS, a number that in May – the worst month so far this year – fell to 1,717,798: At that time, the loss was 532,342 jobs, a figure that has since gone improving as the economy has begun to […]

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