Uruguay’s Unemployment Rate Decreases to 8.1% in January 2025

Uruguay’s unemployment rate decreased to 8.1% in January 2025, down from 8.6% a year ago, but rebounded from 7.2% in November 2024. The labor force participation rate held steady at 64.6%, while the employment rate fell to 59.4% from 59.8% in December.

In January 2025, Uruguay experienced a slight decrease in its unemployment rate, which fell to 8.1%, compared to 8.6% in January of the previous year. This figure, however, marks a modest rebound from the recent low of 7.2% recorded in November 2024, the lowest level since December 2021. Furthermore, the labor force participation rate remained stable at 64.6%, while the employment rate witnessed a decline from 59.8% to 59.4% in the preceding month, indicating a subtle shift in the labor market dynamics.

In summary, Uruguay’s unemployment rate improved slightly in January 2025, yet it remains above the recent low. The stability in labor force participation reflects consistent engagement, while the decline in the employment rate warrants attention. Overall, these trends reveal ongoing challenges in the labor market despite some positive movement in unemployment figures.

Original Source: www.tradingview.com