Colombia | In May, the national unemployment rate stood at 10.3%.

Summary

In May, the national unemployment rate stood at 10.3%, 0.2 pps lower than a year ago. Employment grew by 463 thousand new employees. The gender gap in unemployment was the lowest since 2010. The arts, construction, food services and public administration sectors led job creation.

Key points

• Key points:
• In May, the national unemployment rate was 10.3%, 0.2 pps lower than in the previous year.
• The level of employment grew by 463 thousand employed persons (+2.1% y/y) with respect to May 2023.
• The gender gap in the national unemployment rate stood at 3.1 pps, the lowest since January 2010.
• The artistic activities, construction, food services and public administration sectors led job creation.
• Employees in private firms contributed 89% of the jobs created between May 2023 and May 2024.

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