Unemployment in Colombia fell in November by 9.5% – Sectors – Economy

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The unemployment rate in Colombia in September was 10.7%

The unemployment rate in Colombia in September was 10.7%

The rate fell, since in the same month of 2021 it stood at 11.5 percent.

The Dane revealed that by November 2022 the unemployment rate reached 9.5 percent, a drop compared to the 11.5 percent that increased in the same month of 2021.

Similarly, the entity noted that the occupancy rate was 57.4 percent and the overall participation rate was 63.4 percent.

Besides Piedad Urdinola, the director of the National Department of Statistics, Dane said that in terms of gender, the gap continues to improve.

For November it was 4.5 percent compared to the 5.8 percent increase last year. In addition, there is a gap of more than 50 percentage points between men and women regarding the employment rate.

In unemployment it is 7.6 percent in the case of men and 12.1 percent for women in November. This means that women do not reach a single digit unemployment figure.

However, the recovery of employment has been greater in women during 2022.

“The gap is closing again and we are returning to pre-pandemic levels“, explained the director of the Dane.

See the labor market assessment

Regarding the contribution made by 13 main cities, there was a positive variation of 2.3 percentage points and the employed population increased by 1,219 people for a total of 22,486 employed people in the country. In addition, the director added that the population outside the labor force is 14,353 as of November 2022.

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