Colombia's Unemployment Rate Drops to 9.1% in September

INSUBCONTINENT EXCLUSIVE:
This figure represents a 0.3 percentage point decrease compared to the same month last year.The National Administrative Department of
Statistics (DANE) released these findings in their latest report
The September unemployment rate is the second-lowest for this month since 2016.This improvement comes despite ongoing economic challenges
faced by the country
The number of unemployed individuals decreased by 22,000, totaling 2.3 million people out of work.Meanwhile, the employed population grew by
107,000, reaching 23.2 million Colombians
The working-age population stood at 40.3 million, with 14.6 million people outside the labor force.These figures suggest a gradual recovery
in the job market
(Photo Internet reproduction)Financial activities, information and communications, and transportation experienced job losses
leading job creator, also lost 45,000 positions
On the positive side, professional, scientific, technical, and administrative services added 176,000 new jobs.The hospitality and food
service sector created 137,000 positions, while agriculture contributed 97,000 new jobs
15%, and 14%, respectively
major cities at 7.8%
slowdown in public sector job creation up to August 2024
Public sector employment fell by 1.1%, while private sector employment grew by 0.4% during this period.As Colombia navigates economic
The coming months will reveal whether this positive trend can be sustained amid ongoing challenges.