Colombia | In April of 2021, the labor market deteriorated in comparison with March
Published on Wednesday, June 2, 2021
Colombia | In April of 2021, the labor market deteriorated in comparison with March
In April 2021, the national unemployment rate stood at 15.1%. Between March and April of 2021, labor variables showed deterioration, with a sharp drop in employment and labor force and an increase in unemployment.
Key points
- Key points:
- In April, the national unemployment rate was 15.1%, a reduction compared to April of last year (19.8%). Between March and April, with seasonally adjusted data, there was an increase of 1.2 percentage points in the unemployment rate.
- The increase in the unemployment rate between March and April is explained by the fall in employment, an increase in the number of unemployed and a reduction in the labor force.
- By April 2021, 67% of the 5.9 million jobs lost between February and April 2020, the time of the worst deterioration in the labor market, had been recovered.
- In May, employment levels will remain low, partly due to the negative effects of the pandemic, social protests, and the blockades.
Documents to download
Geographies
- Geography Tags
- Latin America
- Colombia
Topics
- Topic Tags
- Macroeconomic Analysis