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October 31, 2024
The national unemployment rate in September was 9.1%, similar to the 9.3% reported a year ago. Seasonally adjusted, the unemployment rate was below its average level in the first half of the year, which stood at 10.5%. By September, the labor market displayed reduced dynamism, with a slowdown in job creation.
September 30, 2024
The national unemployment rate was 9.7% in August, up from 9.3% in August 2023. Seasonally adjusted, the August unemployment rate was 10.0%, unchanged from July this year, and below its average level for the first half of the year, which was 10.6%.
September 27, 2024
In Colombia, 76.4% of men are in the labour force. By contrast, only 52.1 per cent of women do so. This disparity, which is called the gender gap in the labour participation rate, is marked in Colombia, reaching 24.3 percentage points.
August 31, 2024
The national unemployment rate stood at 9.9% in July, up from 9.6% in July 2023. Seasonally adjusted, July's rate was down from June and below the average level of the first half of the year, showing an improvement in the labour market.
August 14, 2024
Although the Unemployment Rate (UR) increase raises concerns, it remains just 0.1 percentage points away from the Federal Reserve's long-term target, and the July figure didn't trigger the Sahm Rule due to changes in the calculation. Ongoing monitoring of the UR is necessary to assess future risks.
August 1, 2024
The June 2024 national unemployment rate was 10.3%, up from 9.3% in June 2023. Seasonally adjusted, the rate was 10.7% and maintains a certain stability, as it has done since December 2023, after the strong rebound it showed between August and December of that year.
July 12, 2024
The labor informality rate in Colombia is higher for men (58%) than for women (53%), unlike other countries in the region. However, in specific subgroups like educational level and rural areas, women are more informal. Policies should focus on formality as a means to combat poverty.
July 10, 2024
There is still no clear indication of a severe slowdown in the labor market, though it has weakened more than it initially appears. The slower rate of job creation, coupled with frequent downward adjustments to monthly employment figures, suggests a labor market that remains robust but not excessively tight.
July 2, 2024
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.
June 4, 2024
In April, the national unemployment rate was 10.6%, similar to a year ago and, seasonally adjusted, lower than in March 2024. The April rate results are due to the good performance of employment, which to some extent was due to the higher number of working days in April than in March, due to Easter Week.
May 9, 2024
In the first quarter of 2024, job creation remained strong, but overall employment growth has slowed compared to last year. April saw only 175 thousand new jobs added, well below the expected 243 thousand.
