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In 2023, the average unemployment rate was 10.2% at the national level, decreasing by one percentage point with respect to 2022. Thus, labor variables showed resilience in a context of deceleration. However, by the end of the year, since September, a deterioration in the labor market to be monitored in 2024, was seen.

The Colombian economy will grow 1.5% in 2024 and 2.3% in 2025. Private consumption, in the same two years, will grow at rates of 2.2% and 3.0%, respectively. And fixed investment will move from negative (-2.0% in 2024) to positive figures (6.2% in 2025).

The latest Observatory published by BBVA Research, FEDEA and the Sagardoy Foundation shows a labor market in transition in Spain. Job creation continues, but at a significantly slower pace than in the first …

The Colombian economy will grow 1.2% in 2023 and 1.5% in 2024. The recovery will start slowly from the first part of 2024, driven by the improved performance of private consumption. Inflation is expected to show a gradual reduction path that wi…

Colombia crecerá 1,2% en 2023 y 1,5% en 2024, apoyada en el crecimiento del sector público, del consumo privado por servicios y de las exportaciones. La inflación continuará ralentizándose y la política monetaria siendo restrictiva por un tiemp…

The national unemployment rate was 10.7% in April, down from 11.2% in the same month of 2022. Seasonally adjusted, the April unemployment rate was at relatively low levels. These lower levels of the unemployment rate have been observed since February 2023 and have been leveraged by a strong increase in employment.

In March the national unemployment rate was 10.0%, 2.1 percentage points lower than in the same month of 2022. Seasonally adjusted, the unemployment rate in March was 10.0%, down from 10.3% in February and below the 11.0% level around which it had stabilised between May 2022 and January 2023.

In February 2023, the national unemployment rate was 11.4%, seasonally adjusted, showing lower levels than in previous months, explained by an increase in the population outside the labor force, with employment remaining at similar levels since…

The Colombian economy will moderate its growth, from high levels of activity, mainly due to lower private consumption. GDP will grow 0.7% in 2023 and 1.8% in 2024, after a gradual recovery from the end of this year. Inflation will gradually dec…

The national unemployment rate stood at 13.7% and the urban unemployment rate at 14.5%, both lower than those observed a year ago. The employed reached 22.2 million people (+108 thousand seasonally adjusted), slightly above the average level ob…

Good year in terms of employment growth and unemployment reduction for Colombia in 2022. In the main cities, the unemployment rate was reduced with respect to 2021.

Increases in the national minimum wage (SMI) are excellent news in economies in which productivity is growing and employment rates are high. However, there needs to be an awareness of the costs and benefits of the measure, which regrettably are still not being evaluated with the necessary detail and rigor.