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  HOME | Chile

Unemployment in Chile Drops to 5.8%

SANTIAGO – Unemployment in Chile was 5.8 percent in the October-December rolling quarter, down 0.3 percent from September-November, the National Statistics Institute reported Friday.

The decrease reflected a 0.8 percent rise in the number of people with jobs, outpacing the 0.5 percent growth in the workforce to 8.6 million, while the number of unemployed fell 4.2 percent, INE said.

Unemployment in the Santiago Metropolitan Region, home to 40 percent of Chile’s workforce, stood at 5.7 percent.

By sectors, the largest job gains were in the fishing industry, 18.9 percent; hospitality, 16 percent; construction, 6.7 percent; and social services and health care, 5.5 percent.

Conversely, employment in the utilities sector fell 10.7 percent, mining dropped 9.5 percent and jobs in financial services declined 6 percent.

 

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