World

Colombia November urban jobless rate 9.6pc, national 8.4pc

Published December 29, 2017 Updated December 29, 2017 04:29pm

The national unemployment rate was 8.4 percent, up from 7.5 percent in the same month in 2016, the DANE statistics agency said.

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

The jobless 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.

 

Copyright Reuters, 2017