Colombia’s Unemployment Rate Falls to Lowest Ever 8.9%
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Posted By: Hija Chang on May 11, 2015 Posted On 11 May 2015
According to DANE (Colombia Statistics Bureau) figures, the number of employed people increased 4.1% from March 2014, meaning that in the last year, 854,000 Colombians found jobs. This resulted in a maximum employment rate for any March since Colombia started tracking unemployment. These results come in an environment of increased participation in the labor market. At a national level, the overall participation rate increased to 63.9%. On average in the last three months, the unemployment rate also posted record lows for March, settling at 10.1% (10.5% in March 2014). This dynamism in the labor market is proof of the ability of the Colombian economy to create jobs and absorb the increasing labor supply, says the ministry.
More: http://www.financecolombia.com/colombias-unemployment-rate-falls-to-lowest-ever-8-9/?utm_source=Primary+Mailing+List%3A+Finance+Colombia+Newsletter&utm_campaign=9a656c899d-Weekly_RSS_Feed4_9_2015&utm_medium=email&utm_term=0_76932f11fb-9a656c899d-285990425 If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Hija Chang
Management, See Moss Interactive Bellarmine University class of 2021 Member Since January 2011 |
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