Colombia | Employment, one of the major wounds of the pandemic

Summary

The labor market has been one of the most affected sectors during 2020, which despite the positive adjustment throughout the year, has not reached the levels observed before the pandemic. This recovery has been characterized by a more than proportional growth of informal employment and negative effects on women employment.

Key points

• Key points:
• The year 2020 closed with a national unemployment rate of 13.4% and an urban rate of 15.6%.
• Between December 2019 and December 2020 the employed decreased by 1.4 million.
• The more than proportional recovery in informal employment deteriorates the conditions of workers, and the productivity of the economy.
• The pandemic affects employment in major cities to a greater extent.

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