Colombia | Effects of COVID-19 on March employment

Summary

An unprecedented monthly fall in employment of 7% or 1.6 million people was observed in March. The sectors that contributed the most to the fall in employment were retail and entertainment-related activities. Most of the jobs lost were of employees in private companies

Key points

• Key points:
• According to our analysis, the occupations with a high potential impact in the current situation would be hotels and restaurants, transport, entertainment and retail
• Those employed in high-impact groups are 7.4 million people and have a monthly payroll of COP6.3 trillion
• The Retail and entertainment sectors contributed the most to the drop in employment
• About 50% of the jobs that were lost were private sector wage workers and about 25% were self-employed

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