- New Labor Market Information System unveiled
The government of El Salvador will launch its Labor Market Information System (SIMEL) the week of 22 Nov. 2021. The system has been authorized by the International Labor Organization (IOL) and will allow employers to know the current state of the labor market and future trends, characteristics, supply needs, demands, and the quality of formal and informal employment. Entities such as the General Directorate of Statistics and Census (Digestyc), Central Reserve Bank (BCR), Salvadoran Social Security Institute (ISSS), and the Ministry of Economy (Minec) will be responsible for updating the system.
What are the Changes?
The government of El Salvador will launch the SIMEL in order to provide more accurate predictions on the local labor market.
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