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Reasons for unemployment in Chile


Is it a good or bad number? Here are the keys for you to decide …

Today, the National Institute of Statistics (INE) released the national unemployment rate for the August-October mobile quarter, which reached 7.1%. Is it a good or bad number? Here are the keys for you to decide:

1. Total unemployment arises

– The 7.1% level, previously seen in the preceding quarter, represents an increase of 0.4 tenth compared to the same period of 2017.

– Female unemployment around 7%. The increase in one year is stronger and stronger in the case of male unemployment, which comes from 6.3% to 6.9%, while among women it rises from 7.3% to 7.4 %.

– The unemployed increased by 6.4%, explained by the unemployed (6.0%) and from those who were searching for work for the first time (10.6%).

2. Catch on flight

– The workforce increased by 1.4%, which represents a acceleration of 0.9% in July-September, but a rate of less than 2.3% a year ago.

– The employee shows a similar dynamic. They grow 1% – unequal to 83,660 people – more than the previous 0.5%, but are below 1.9% twelve months ago. The increase was driven mainly by the construction sectors (4.0%), accommodation and meals (6.6%) and education (3.0%).

– Private employed employment improved 1.5% – more than a previous quarter and 72,120 corresponding people – although the public did so at a 2.7% rate not last than the previous quarter. Overall, a year ago, employees increased 0.8%, with an important role for the public sector.

3. Better quality employment

– The adjustment in self-employment continues: now they fall by 0.2%, which represents a turn against the 4.8% increase a year ago. It is assumed that it is a type of occupation with less social protection.

– Voluntary part-time workers increased 8.8%, stimulated by private and employer employers, trade, agriculture and fishing sectors. As a partner, the involuntary returned 4.2%.

4. The North that takes the worst part

Unemployment increased in nine regions – seven over 7.1% – it was cut by five and stayed at Aysén. In the northern zone of Tarapacá, Antofagasta and Atacama there are more than 8%. O. Higgins also joins the club with 8%.

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