Unemployment in Chile

Chile Unemployment | Economic News & Forecasts

Chile - Unemployment

The economy seems to have accelerated in the fourth quarter on the back of upbeat domestic demand and a rebound of mining activity, following a disappointing third quarter. Despite pessimism among consumers, household spending benefited from a tighter labor market and easing price pressures. Supply side dynamics were less encouraging, however, with manufacturing output shrinking in November. In line with business sentiment dipping into negative territory. Meanwhile, the external sector fared poorly in Q4, with export growth contracting for a fifth consecutive month in December, dragged by a drop in copper prices. On the political front, upcoming structural reforms to the highly privatized pension system will ramp up government spending, while gradually increasing worker contributions.

Chile - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.9  6.4  6.2  6.5  6.7  

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Chile Unemployment Chart

Chile Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Insitute (INE) and Met the why particular calculations

Chile Facts

Bond Yield4.60-0.44 %Jan 21
Exchange Rate672.20.05 %Jan 21
Stock Market27,517-0.67 %Jan 21

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