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The Reasons for Unemployment in Chile

Is this a good or bad number? Here's the key to deciding …

Today, the Central Bureau of Statistics (INE) has released the unemployment rate in August and October, which reached 7.1%. Is this a good or bad number? Here's the key to deciding:

1. Total unemployment is growing

– The level of 7.1%, which has already been recorded in the previous quarter, represents an increase of 0.4 percentage points compared to the same period of 2017.

– women's unemployment is around 7%. The increase in one year is more pronounced in the case of men's unemployment, from 6.3% to 6.9%, while women increase from 7.3% to 7.4%.

– Unemployed grew by 6.4%, unemployed (6.0%) and job seekers for the first time (10.6%) explained.

2. There are still no flights

– Labor force increased by 1.4%, an acceleration of 0.9% in the July-September period but below 2.3% a year ago.

– Employees show similar dynamics. They grow by 1%, equivalent to 83,660 people – more than the previous 0.5 percent, but less than 1.9 percent twelve months ago. Growth was mainly a result of construction (4.0%), housing and nutrition (6.6%) and education (3.0%).

– Private salaries rose by 1.5 percent – more than the previous quarter and equivalent to 72,120 people – and the public did so at a rate of 2.7 percent – without the previous quarter. Overall, a year ago, salaries of workers rose by 0.8 percent, with an important role for the public sector.

3. Better employment in quality

– Self-employment adjustment continues: now fall by 0.2%, which is a jump against a 4.8% increase a year ago. It is assumed that this is a kind of interest with less social protection.

– Voluntary workers on part-time working time increased by 8.8%, motivated by private pay and trade, agriculture and fisheries sectors. As a counterweight, it unintentionally withdrew 4.2%.

4. North is the worst part

Unemployment has risen in nine regions – seven more than 7.1% – has been reduced to five and remained in Aysen. In the northern areas of Tarapac√°, Antofagasta and Atacama it exceeds 8%. O & # 39; Higgins also joins 8% club.

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