World

Colombia March urban jobless rate 10.6pc, national 9.4pc

Published April 27, 2018 Updated April 27, 2018 04:18pm

The national unemployment rate fell to 9.4 percent from 9.7 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