Colombia’s unemployment rate rose to 11.6% in January 2025, down from 12.7% in January 2024, but up from a low of 8.2% in November 2023. The employed population grew by 878,000 to 22.903 million. The labor participation rate fell to 65.7%, while the employment rate increased to 58.4%.
The unemployment rate in Colombia has risen to 11.6% as of January 2025, a notable change from 12.7% recorded during the same month in the previous year. However, it remains significantly above the record low of 8.2% achieved in November 2023, marking a challenging recovery process for the labor market. The employed population, meanwhile, saw an increase of 878,000 individuals, reaching a total of 22.903 million on a year-over-year basis.
In terms of labor force metrics, the participation rate has decreased slightly, falling to 65.7% compared to 65.9% from the previous year. Conversely, the employment rate has seen an increase, rising to 58.4% from 57.7%. These figures indicate a mixed performance in the Colombian job market, reflecting both growth in employment and a decline in active workforce participation.
In summary, Colombia’s unemployment rate has increased to 11.6% in January 2025, showing signs of recovery from previous lows while still presenting challenges compared to historical levels. The employed populace has grown, yet the labor force participation rate has decreased slightly, highlighting complexities in the employment landscape. Continued monitoring and strategic measures will be essential for ongoing improvement.
Original Source: www.tradingview.com
