Monday , May 17 2021

Still stuck: national unemployment is at 7.1% between August and October

According to the National Institute of Statistics, the national unemployment rate was 7.1% between the quarter from August to October. This figure, although 5 percentage points less than the measurement that took place between July and September, is an increase of 0.1% compared to the same period in 2017.

According to the entity, the unemployment rate has a variation of 0.4 percentage points in twelve months and, despite the optimism of the government, and, in the voice of President Pinera, "the Chilean economy is under way and the time is lost," the truth is that the indicators for unemployment indicate that the growth and investment indicators continue without giving employment incentives.

In its report, INE said the main reason for unemployment was more than 7% due to the expansion of 1.4% of the workforce, higher than that reported by employees (1.0%), which created more pressure on the market labor.

On the floor

It is positive that the unemployment rate of women fell from the alarming 8.1% that marked September for the metropolitan region. This time, at the national level, the unemployed women are 7.4%, which in each case increased by 0.1%. in twelve months. The men, however, increased by 0.6% compared to the same period last year and accounted for 6.9%.

For twelve months, the unemployment rate increased in nine regions, fell by five, and remained unchanged in Eisen. The biggest increase was recorded in Atakama (1.6 pp). The party was Magellan, with a rate cut by 1.7 percentage points less.

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