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Increased difficulty in hiring new employees was the main factor in the declines.

Latin America’s labor environment saw declines for another year shows data from the latest Labor Index from Latin Business Chronicle. As with many indicators in Latin America, the Mercosur economies of Argentina, Brazil, and Venezuela led declines, while the countries of the Pacific Alliance – Chile, Mexico, and Colombia – saw better performance. The LBC Labor Index measures the region’s labor environment based on 18key factors, including the ease of hiring, the ease of firing, theease of enforcing employment contracts, the countries’ minimum wage, vacation policy, education levels, and employer-labor relations.

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