Chile | The unemployment rate increased slightly to 6.4% in April

Summary

The jobless rate increased slightly to 6.4% in April, above our expectation (a stable 6.3%) but below consensus (at 6.5%). The figure was driven by a 1.4% YoY rise in job-creation (mainly self-employment) as against the 1.6% YoY growth in the labour force. Overall, despite the low unemployment rate, the labour market still shows signs of increasing slack.

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