Uruguay’s unemployment rate fell to 8.1% in January 2025, a decrease from 8.6% a year prior. It rebounded from a low of 7.2% in November 2024. The labor force participation rate remained at 64.6%, and the employment rate decreased to 59.4%.
In January 2025, Uruguay’s unemployment rate decreased to 8.1%, a decline from 8.6% in the same month last year. However, this figure indicates a rebound from November’s rate, which was the lowest recorded since December 2021, at 7.2%. Despite the decrease in unemployment, the labor force participation rate remained steady at 64.6%, while the employment rate was reported at 59.4%, down from 59.8% the previous month.
In summary, while Uruguay’s unemployment rate has improved compared to the previous year, it still reflects a recovery from a recent low. The stability in labor force participation alongside a slight decrease in the employment rate highlights ongoing challenges in the labor market.
Original Source: www.tradingview.com
