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Published on Friday, July 12, 2019

Colombia | Keeping an eye on the job market

For several months, we have seen with concern a deterioration in the labor market that has been reflected in a higher unemployment rate, less job creation and/or a change in workers seeking employment, mainly.

Key points

  • Key points:
  • In May, the national unemployment rate stood at 10.5% compared to 9.7% in the same month last year
  • News are not better for the 13 main cities and metropolitan areas where unemployment stood at 11.2% compared to 10.1% in the same month in 2018
  • All legislative attempts to increase the cost of labour should be avoided.

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