Colombia’s Jobless Rate Rises to 11.6% in January 2025

The unemployment rate in Colombia rose to 11.6% in January 2025, improving from 12.7% a year earlier but rebounding from November’s low of 8.2%. The employed population increased by 878,000, reaching 22.903 million, although the labor force participation rate decreased to 65.7%. Conversely, the employment rate grew to 58.4%.

The unemployment rate in Colombia experienced an increase to 11.6% in January 2025, showing an improvement from 12.7% in January 2024. However, this figure is a rebound from the unprecedented low of 8.2% observed in November 2024, marking a continued recovery from previous economic difficulties. Moreover, the employed workforce saw a significant rise, adding 878,000 jobs year-on-year, ultimately resulting in a total employment population of 22.903 million individuals.

In terms of participation in the labor force, there was a slight decrease, with the participation rate declining to 65.7% compared to 65.9% the previous year. Conversely, the employment rate experienced an upward trend, increasing from 57.7% to 58.4%. These statistics reflect underlying shifts in dynamics within the labor market as Colombia navigates its post-pandemic economic recovery.

In conclusion, while Colombia’s unemployment rate increased to 11.6% in January 2025, the overall job market demonstrates signs of improvement, with an increase in employment figures. However, the decline in labor force participation warrants attention as the nation continues to adapt to economic changes.

Original Source: www.tradingview.com