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.

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Colombia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
19.80 21.40 21.40 7.30 2001 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-30 03:00 PM Mar 12.6% 12.2% 12.8%
2020-05-29 04:00 PM Apr 19.8% 12.6% 14.1%
2020-06-30 03:00 PM May 21.4% 19.8% 22% 21%
2020-07-30 03:45 PM Jun 19.8% 21.4% 22%
2020-08-31 03:00 PM Jul 19.8% 20.5%
2020-09-30 03:00 PM Aug
2020-10-30 03:00 PM Sep 21%
2020-11-30 03:00 PM Oct


News Stream
Colombia Jobless Rate Climbs to 19.8% in June
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
2020-07-30
Colombia Jobless Rate Jumps to Record High in May
The unemployment rate in Colombia rose to 21.4 percent in May of 2020 from 10.5 percent in the corresponding month of the previous year, but below market expectations of 22 percent. It was the highest jobless rate on record, as the coronavirus pandemic hit the labour market. The number of unemployed increased by 2.083 million to 4.694 million while employment declined by 4.902 million to 17.262 million. Meantime, the employment rate dropped to 43.4 percent from 56.4 in May 2019 and the activity rate declined to 55.2 percent from 63.1 percent.
2020-06-30
Colombia Jobless Rate Spikes to All-time High
The unemployment rate in Colombia jumped to an all-time high of 19.8 percent in April of 2020 from 10.3 percent in the corresponding month of the previous year, as the coronavirus pandemic took hold and hit the labour market. The number of unemployed climbed by 1.559 million to 4.083 million while employment dropped by 5.371 million to 16.525 million. Meantime, the employment rate went down to 41.6 percent from 55.8 percent in April 2019 and the activity rate declined to 51.8 percent from 62.2 percent.
2020-05-29
Colombia Jobless Rate Rises to 12.6% in March
The unemployment rate in Colombia increased to 12.6 percent in March 2020 from 10.8 percent in the corresponding month of the previous year. The number of unemployed rose by 287 thousand to 2.97 million while employment dropped by 1,583 thousand to 20.5 million. Meantime, the employment rate went down to 51.7 percent from 56.4 percent in March 2019 and the activity rate declined to 59.2 percent from 63.2 percent.
2020-04-30

Colombia Unemployment Rate
In Colombia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.