Colombia urban jobless rate 11.1pc in April, national 10.3pc

BOGOTA: Colombia's urban jobless rate rose to 11.1pc in April, from the 10.7pc  registered in the same month of 2018, based on surveys in the 13 biggest cities, the government said on Friday.

The national unemployment rate was 10.3pc , an increase from 9.5pc  a year earlier, the DANE statistics agency said.

Colombia's urban jobless rate is more closely watched by financial markets than the national figure because nearly 70 percent of the country's workforce is in large cities.

Unemployment figures are not seasonally adjusted and can be volatile, depending on factors such as peak shopping periods and vacation months when retail and tourism employment generally rises.