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Unemployment rate continues upward trend in Chile

Chile-desempleo
Santiago, Chile, Nov 30 (Prensa Latina) Chile's unemployment rate reached 8.9 percent, which adds 12 consecutive months of increase, during August-October quarter, the National Statistics Institute (INE) reported.

The institution pointed out in a press release that in the Metropolitan Region, where the capital is, the unemployment rate is even higher and reached 9.8 percent.

As usual, women are the most affected by the lack of jobs, with a nationwide indicator of 9.1 percent compared to men (8.7 percent).

According to INE, the growth of Chile’s working age population remains above the capacity to create new jobs.

The economic sectors with the highest employment during the analyzed quarter were health care, public administration and commerce.

Informal employment fell slightly to 27.0 percent, with a 0.2-percent drop between August and October.

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