He National Institute of Statistics (INE) reported that the unemployment rate in Chile It reached 8.7% in the January – March 2024 quarter.
The figure represented a decrease of 0.1 percentage points (pp.) in twelve months, because the increase in the labor force (3.2%) was less than that presented by employed people (3.4%). .
For its part, “unemployed people increased 1.7%, affected by those looking for work for the first time (13.0%) and those who were unemployed (0.5%),” said the INE.
Compared to the same period of the previous year, participation and occupancy rates stood at 62.4% and 57.0%, growing 1.4 pp. and 1.3 pp., respectively.
Meanwhile, the population outside the labor force decreased 2.7%, influenced only by habitually inactive people (-4.9%).
In the Metropolitan region the unemployment rate reached 9.6%, with a decrease of 0.5 pp. in twelve months.
In the country, informal employment stood at 28.1%, with an increase of 0.7 pp. in a year. “People in informal employment increased 5.8%, affected by both women (7.8%) and men (4.1%); and by economic sector, mainly due to commerce (13.3%) and households as employers (22.5%),” said the INE.
Increase in employed people
According to the INE, in twelve months “employed people experienced an increase of 3.4%, affected by both women (4.1%) and men (2.8%).”
The sectors that contributed to the increase in the employed population were commerce (5.1%), public administration (6.8%) and households as employers (12.5%); while all occupational categories presented increases, led by formal employees (3.4%), informal employees (6.3%) and self-employed workers (1.1%).
