The unemployment rate in Colombia jumped to 19.8 percent in June 2020 from 9.4 percent in the corresponding month of the previous year, as the coronavirus pandemic hit the labour market. The number of unemployed rose by 2.176 million to 4.533 million while employment fell by 4.273 million to 18.345 million. Meantime, the employment rate declined to 46.1 percent from 57.5 in June 2019 and the activity rate dropped to 57.4 percent from 63.5 percent
Unemployment Rate in Colombia averaged 11.50 percent from 2001 until 2020, reaching an all time high of 21.40 percent in May of 2020 and a record low of 7.30 percent in November of 2015. This page provides the latest reported value for - Colombia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Colombia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Dane, Colombia
Unemployment Rate in Colombia is expected to be 21.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Colombia to stand at 19.00 in 12 months time. In the long-term, the Colombia Unemployment Rate is projected to trend around 17.70 percent in 2021 and 15.00 percent in 2022, according to our econometric models.