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  • Strong Job Rebound - WA#42
    Strong Job Rebound - WA#42

    October indicators overview

  • In September, of 8.7 mn urban dwellers of working age, 2.1 mn have adequate jobs. That is 23.6%, 7.0 percentage points less than a year before. However, it is an improvement of 11.7 a points over May/June. There are the fewest adequate jobs since the current data series started in 2007, in spite of the much larger population. (WA#42)

  • In Latin America, Ecuador is the country to undergo the severest downfall of government revenues, as the effect of the lockdown is compounded by the fall in the price of oil. In addition, dollarized Ecuador cannot recur to the central bank for financing. (WA#41)

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Grupo Spurrier is the leading company in the development of key solutions and services for business success; it specializes in monitoring the economy and politics of Ecuador, as well as on economic research, market research, consulting and corporate training, models and business plans development, investment plans, and market power law consulting.

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Weekly Analysis Briefs


    Job data for September tell a story of an impressive rebound from the lows of May-June, the previous survey. The Minister of Labor attributes the rebound to the more flexible employment rules the Humanitarian Law sets for the emergency period and concludes that a more permanent labor reform would allow jobs to pick up. In spite of the partial recov...


    Ecuador is the country in Latin America to undergo the most severe fiscal strain, and also after Mexico, the one with the least fiscal space to counteract the ill effects of the lockdown and the succeeding restrictions on the economy. That way, the Fund explains the generous amount, $6.5 bn, that accompanies the new agreement approved by the Board ...


    The economy fell -12.4% y-o-y in the second quarter, steepest contraction since GDP data are compiled. Still, it is a remarkably good showing in relation to that of comparable Latin American countries. That, in spite that Ecuador had not accumulated an emergency fund, that it cannot not recur to financing from the Central Bank, and that oil product...