Uruguay | Labor Market: what we can expect (and do) once the coronavirus is gone

Summary

Unemployment in Uruguay reached 10.1% in March, reflecting the effect of measures implemented to contain the outbreak of the coronavirus, in a poorly performing labour market. We expect the unemployment rate to rise to 14.2% this quarter. What are the challenges for the labor market in the wake of the pandemic?

Key points

• Key points:
• The Uruguayan labour market is being severely affected by the pandemic.
• The problem of job destruction has been evident since 2015.
• 42% of Uruguayan workers are employed in sectors vulnerable to automation.

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