Region experiencing finest moments despite challenging economic problems

PORT OF SPAIN, Trinidad, CMC – The International Labour Organization (ILO) Wednesday said that new labour indicators for Latin America and the Caribbean portray a region that is experiencing its finest moment despite the crisis in other areas. “We now face the challenge of taking advantage of this platform to remedy deficits that dampen prospects for development,” said Elizabeth Tinoco, ILO Regional Director for Latin America and the Caribbean. The ILO’s 2012 Labour Overview for Latin America and the Caribbean shows the unemployment rate has continued its decline and that real wages, formal employment and social protection coverage have all increased.