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Unemployment rates have been relatively stable in Ecuador over the last few years, with a small outlier of 5.2% in 2016. In 2017, the unemployment rate decreased to 4,1% and in 2018 the number decreased a bit further to 4%. In Quito, the unemployment rates are a bit higher: 7,8% in 2017 and 8,8% in 2018.

Benefits

When you get fired, your company may be obliged to pay you a set amount of money, depending on your salary and the time you have worked for the company. If you were fired without good reasons relating to your work performance, for which the employer has to build up an extensive file, the compensation the company has to pay you is as following:

• Three months of salary, in case you have worked up to three years at the company, or;
• One month of salary for each year you have worked at the company, with a maximum of 25 months of compensation.

How to Claim a Benefit

In case you are not sure your ex-employer is complying with the law or you are not sure what the law is, for example in case the company goes into liquidation, the best option is to hire a lawyer who is specialized in labor law.