Colombia’s unemployment rate rose to 11.6% in January 2025, an increase from 12.7% a year prior and up from the low of 8.2% in November 2024. The employed population increased by 878,000 to 22.903 million. Despite a slight decrease in the labor force participation rate, the employment rate improved to 58.4%.
In January 2025, Colombia’s unemployment rate rose to 11.6%, compared to 12.7% in January 2024. Despite this increase, the current figure remains higher than the low of 8.2% recorded in November 2024, which marked the lowest level since late 2015. The employed population saw a notable year-on-year increase of 878,000 individuals, totaling 22.903 million.
Additionally, the labor force participation rate experienced a slight decline, falling to 65.7% from 65.9% over the same period last year. Conversely, the employment rate improved, rising to 58.4% from 57.7% in the previous year. These shifts in the labor market indicate ongoing challenges, despite apparent growth in employment figures.
In summary, Colombia’s unemployment rate has increased to 11.6% in January 2025, reflecting a recovery from the previous year’s rate. While labor force participation has slightly decreased, the growth in the employed population suggests positive trends. Nonetheless, the labor market continues to face challenges that necessitate ongoing attention.
Original Source: www.tradingview.com
