World

Colombia February urban jobless rate 11.9pc, national 10.8pc

Published March 28, 2018 Updated March 28, 2018 04:18pm

The national unemployment rate rose to 10.8 percent from 10.5 percent in the same month last year, the DANE statistics agency said.

Colombia's urban 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.

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, 2018