Unemployment in Might fell and stood at 10.3% – 2024-06-29 02:57:30

by times news cr

2024-06-29 02:57:30

The Nationwide Administrative Division of Statistics (DANE) revealed that in Might 2024 the employed inhabitants in Colombia elevated by 463 thousand folks, which led to a lower within the nationwide unemployment charge from 10.5% in Might 2023 to 10. 3% in the identical month this 12 months.

This improve in occupancy represents a rise of two.1% on the nationwide degree and a optimistic variation of 4.6% within the 13 predominant cities and metropolitan areas of the nation.

One of many highlights of the DANE report is the discount of the gender hole in unemployment, which stood at 3.1%, that’s, 1.7% lower than in 2023. This determine is the bottom recorded for the months of Might since 2016. In Might 2024, the unemployment charge for males was 12.1%, whereas for girls it was 9%.

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For the rolling quarter of March to Might 2024, the gender hole within the nationwide unemployment charge was 4.3%, with a charge of 13.2% for girls and eight.9% for males. Within the 13 main cities, unemployment in the identical interval was 10.5%, a lower of 0.4% in comparison with 10.9% a 12 months earlier.

The International Participation Price (GPR) stood at 64.1%, in comparison with 63.9% in the identical month final 12 months, whereas the Employment Price (ER) elevated from 57.2% to 57.5%.

In Might 2024, there have been 23,030,000 employed folks. The sectors that contributed probably the most to the rise in employment had been creative actions, leisure, recreation and different providers (231 thousand jobs), building (160 thousand jobs), lodging and meals providers (139 thousand jobs), and public administration, protection, training and human well being care (100 thousand jobs). The unemployed inhabitants stood at 2,646,000 folks.

The inhabitants exterior the labor power was 14,375,000 folks, primarily concentrated in home occupations (55.5%) and research (24.0%).

DANE reported a slight lower in informality, from 55.7% in Might 2023 to 55.6% in Might 2024. Nevertheless, within the 13 predominant cities and metropolitan areas, informality elevated from 41.04% to 41.8%.

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