Sunday, May 28, 2023

Unemployment in Chile records the fifth annual increase and stands at 8.8%

The informal employment rate was 27.4%, up 0.1 percentage points. in twelve months. In the metropolitan region, meanwhile, the unemployment rate in the January-March rolling quarter reached 10.1%.

The National Institute of Statistics (INE) reported this Friday that the vacancy rate in Chile during the rolling quarter January-March 2023 was a 8.8%.

The figure represents an increase of 1.0 percentage points (pp.) over twelve months (fifth annual increase after continuous decreases from March-May 2021)given that the increase in the workforce (3.5%) was higher than that presented by the employed (2.4%).

“For their part, the unemployed increased by 16.9%, affected by those who were unemployed (20.3%)”, specified the INE.

The report said that participation and employment rates continued to increase (albeit at a slower pace) and stood at 61.0% and 55.7%, an increase of 1.5 percentage points. and 0.8 pp., respectively. On the other hand, the population outside the workforce decreased by 2.8%.

In women, the unemployment rate stood at 9.5%, up 0.8 percentage points. in twelve months, while the participation and employment rates stood respectively at 51.1% and 46.3%, increasing by 1.9 pp. and 1.4 pp., in each case. In men, the unemployment rate was 8.3%, with an increase of 1.1 pp., while the participation and employment rates stood at 71.4% and 65.4%, an increase of 1.1 pp. and 0.1 pp., respectively.

economic sectors

The increase in employment was influenced by both women (4.0%) and men (1.2%).

The sectors that contributed to the increase were health activities (8.5%), agriculture and fishing (5.2%) and education (3.9%)while the sectors that presented the greatest decreases were construction (-5.5%) and households as employers (-4.9%).

By professional category, the formal wage earners (1.9%), self-employed (3.7%) and informal wage earners (4.0%).


According to the report, the the informal employment rate was 27.4%, increasing by 0.1 pp. in twelve months.

The informally employed grew by 3.1%, touched only by women (9.1%), while men decreased by 1.4%.

Metropolitan region

In the metropolitan region, the unemployment rate for the quarter under analysis was achieved 10.1%, up 1.4pp. in twelve months, given that the increase in the workforce (3.1%) was higher than that of the employed (1.5%), indicates the INE.

The unemployed grew by 20.3%, mainly affected by those who were unemployed, he stressed.

In twelve months, the volume of work, measured by the total number of effective hours worked by employees, grew by 2.3%, while the average hours worked reached 36.7 hours.

The combined rate of unemployment and potential labor force (which measures the number of unemployed plus available beginners and potentially active inactive) reached 16.7%, an increase of 1.0 percentage points. In the period.

In men it was 14.5% and in women 19.4%. The gender gap was 4.9 pp.

World Nation News Desk
World Nation News Desk
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