The unemployment rate in Uruguay rose to 8.8% in April of 2023, the highest since September 2021, up from 7.7% in the same month of the previous year, as more people looked for work. The labor force participation rate increased to 63% from 61.7% in April 2022; while the employment rate edged up to 57.5% from 56.9%. source: Instituto Nacional de Estadística, Uruguay

Unemployment Rate in Uruguay averaged 8.00 percent from 2006 until 2023, reaching an all time high of 13.40 percent in January of 2006 and a record low of 5.40 percent in December of 2010. This page provides - Uruguay Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uruguay Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Unemployment Rate in Uruguay is expected to be 8.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Unemployment Rate is projected to trend around 8.00 percent in 2024, according to our econometric models.

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Uruguay Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-05-12 06:00 PM Mar 8.6% 8.1% 8.8%
2023-05-30 05:30 PM Apr 8.8% 8.6% 8.6%
2023-06-28 05:30 PM May 8.8%


Related Last Previous Unit Reference
Unemployment Rate 8.80 8.60 percent Apr 2023
Employed Persons 56.70 57.80 percent Feb 2020
Employment Rate 57.50 57.30 percent Apr 2023
Wages in Manufacturing 427.01 426.64 points Mar 2023
Population 3.54 3.53 million Dec 2021
Labor Force Participation Rate 63.00 62.70 percent Apr 2023

Uruguay Unemployment Rate
In Uruguay, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
8.80 8.60 13.40 5.40 2006 - 2023 percent Monthly
NSA

News Stream
Uruguay Jobless Rate Highest since 2021
The unemployment rate in Uruguay rose to 8.8% in April of 2023, the highest since September 2021, up from 7.7% in the same month of the previous year, as more people looked for work. The labor force participation rate increased to 63% from 61.7% in April 2022; while the employment rate edged up to 57.5% from 56.9%.
2023-05-30
Uruguay Jobless Rate at 1-1/2-Year High
The unemployment rate in Uruguay came in at 8.6 percent in March of 2023 up from 7.7 percent in the same month of the previous year, marking the highest level since September 2021. The employment rate edged up to 57.3 percent from 57.1 percent while the labor force participation rate increased to 62.7 percent from 61.9 percent.
2023-05-12
Uruguay Jobless Rate at 8.1% in February
The unemployment rate in Uruguay rose to 8.1 percent in February of 2023 from 7.3 percent in the corresponding month of the previous year. The employment rate edged up to 57.5 percent from 57.2 percent while the labor force participation rate increased to 62.6 percent from 61.7 percent.
2023-04-28