Colombia | Keeping an eye on the job market

Summary

For several months, we have seen with concern a deterioration in the labor market that has been reflected in a higher unemployment rate, less job creation and/or a change in workers seeking employment, mainly.

Key points

• Key points:
• In May, the national unemployment rate stood at 10.5% compared to 9.7% in the same month last year
• News are not better for the 13 main cities and metropolitan areas where unemployment stood at 11.2% compared to 10.1% in the same month in 2018
• All legislative attempts to increase the cost of labour should be avoided.

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