Chile's unemployment rate dropped to 10.0 percent in the three months to May 2021, from 11.2 percent in the same period of the previous year. It was the lowest jobless rate since April 2020, as the number of unemployed fell by 4.6 percent to 897 thousand while the number of employed rose by 7.9 percent to 8.04 million. Meantime, the labor force participation rate stood at 56.3 percent and the employment rate at 50.6 percent. source: National Institute of Statistics, Chile
Unemployment Rate in Chile averaged 8.18 percent from 1986 until 2021, reaching an all time high of 13.50 percent in February of 1986 and a record low of 5.10 percent in February of 1998. This page provides the latest reported value for - Chile Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Unemployment Rate in Chile is expected to be 10.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Chile to stand at 10.10 in 12 months time. In the long-term, the Chile Unemployment Rate is projected to trend around 9.00 percent in 2022 and 7.50 percent in 2023, according to our econometric models.