Uruguay’s unemployment rate fell to 8.1% in January 2025, down from 8.6% a year earlier. This figure, however, reflects a rebound from November’s low of 7.2%. The labor force participation rate maintained at 64.6%, while the employment rate declined slightly to 59.4%.
In January 2025, Uruguay’s unemployment rate decreased to 8.1%, a notable decline from 8.6% observed during the same month the previous year. However, it experienced a rebound from the lowest rate of 7.2%, recorded in November, which was the lowest since December 2021. Meanwhile, the labor force participation rate remained steady at 64.6%, while the employment rate saw a minor decline from 59.8% to 59.4%.
In summary, Uruguay’s job market saw a mild improvement in January 2025, with a decreased unemployment rate compared to the previous year. Despite this progress, the rate still rose from a recent low in November. The stability in labor force participation suggests a steady interest in job searching, notwithstanding the slight decrease in the employment rate.
Original Source: www.tradingview.com
