The unemployment rate in Colombia fell to 10.6 percent in August of 2022 from 12.9 percent in the corresponding month of the previous year. The number of unemployed decreased by 0.401 million to 2.6 million, while the employed population increased by 1.583 million to 22.2 million. Meantime, the employment rate rose to 56.7 percent from 53.4 percent in August last year, while the activity rate went up to 63.5 percent from 61.3 percent. source: Dane, Colombia
Unemployment Rate in Colombia averaged 11.78 percent from 2001 until 2022, reaching an all time high of 21.01 percent in May of 2020 and a record low of 7.33 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 October of 2022.
Unemployment Rate in Colombia is expected to be 11.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Unemployment Rate is projected to trend around 11.00 percent in 2023 and 10.00 percent in 2024, according to our econometric models.