Unemployment in Colombia at 14.7% in October; Urban Rate 16.8%

According to the National Administrative Department of Statistics, "the employed population in October 2020 numbered 21.3 million people, which reflects a reduction of 1.5 million employed persons (statistically significant) compared to the same month of the previous year."

RIO DE JANEIRO, BRAZIL - Colombia's urban jobless rate rose to 16.8% in October, from 10.4% in the same month of 2019; the overall unemployment rate registered 14.7% in October, nearly 5 percentage points more than the rate registered during the same month last year, when it was at 9.8%, the National Administrative Department of Statistics (DANE) said on Monday, November 30th.

However, the rate declined compared to peak-pandemic months, the agency said.

"The seasonally adjusted unemployment rate nationwide was 16.2 percent in September 2020; in August, 17 percent; in July, 19.7 percent . . .

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