Ecuador is seeing a new momentum in terms of their employment statistics and according to TeleSur TV, they have the lowest rate of unemployment within the region. According to the outlet, the National Survey of Employment and Unemployment said that Ecuador has increased its suitable employment while subsequently decreasing its "inadequate employment" issues.

With a 23.28 percent decline on poverty, Ecuador has basically lifted at least 1.3 million impoverished people in 2006. Currently, Ecuador is enjoying a minimal 4.8 percent unemployment, something that Leonardo Berrezueta, Minister of Labor, is very satisfied of. He said, "It's a very encouraging figure in light of the fall in the price of oil, the appreciation of the (U.S.) dollar and the currency devaluation in neighboring countries."

The oil exporting country would have easily slid through a comfortable spot of consistent GDP if not for the decline in oil price. The country takes at least 7 percent of its total GDP from oil exports, and in 2015, some $7 billion or the 7 percent of that stake was lost.

Citing another hurdle is Ecuador's inability to devalue its currency against the U.S. dollar in order to gain competitiveness in terms of their economic stand. These problems, however, did not hinder Ecuador's ability to increase its employment stats, even outgrowing Peru who currently has a 5.8 percent unemployment rate.

The current state of Ecuador and its decline on the unemployment side has largely been related to the good governance of its president Rafael Correa. In another report by the TeleSur TV, Correa said during an anniversary celebration, "We are celebrating nine years of reborn hope, of fulfilled promises and of homeland for all."

On Friday, Ecuador celebrated the ninth anniversary of Correa's "Citizen Revolution," a project that aims to transform the current situation of Ecuador's political state, while also working on pushing "progressive social gains."

He also added, "Everything was worth it, and if we have to do it all over again we would not change one thing. A revolution is a constant and perfectible process." Correa's treatment on inequality and poverty has always led him to believe that with every victory, there is a new beginning for a challenge.

Mentioning how his government takes full advantage of the country's main product, which is oil export, he took pride in saying that Ecuador has the highest rate of inversion and believes that they have the most infrastructures in the Latin America region.

As for the upcoming presidential elections, he said, "A difficult year is coming, but we won't fail, we will successfully address the challenges and we will come out strengthen as a society."