Economy

Unemployment on the rise in Uruguay, INE study shows

Unemployment on the rise in Uruguay, INE study shows

Saturday, September 18th 2021 – 08:57 UTC


In October 2020 unemployment reached 11.2%

Unemployment continues to be on an upward trend in Uruguay, according to data released Friday by the National Institute of Statistics (INE).

The study has shown that some 184,000 people are jobless. It is the highest figure since February, it was reported.

In July, unemployment reached 10.4%, against June’s 9.4%, a figure similar to that from July last year, INE’s “Activity, employment and unemployment” for July 2021 has shown.

When divided by gender, unemployment rate for women reached 12.1%, while for men it was of 8.9%, according to INE, while from a geographic perspective it was 9.8% in the rest of the country, but 11.3% in the Montevideo area.

Last February, the unemployment rate had reached 11.1%.

According to the INE document, Uruguay’s activity rate for July 2021 stood at 61.1%, the employment rate at 54.7% (0.7% below June’s figures) and the unemployment rate at 10.4%, which was tantamount to around 184,000 people.

During 2021 these were the monthly unemployment rates: May (10.2%), April (9.7%), March (9.7%), February (11.1%) and January (10.7%).

Year on year, the highest rate was reported in October 2020 when unemployment reached 11.2%

As per INE standards, an unemployed person is someone who during the reference period surveyed “is not working because he does not have a job, who is actively looking for it and is available to start working right now.”




Source link

Related Articles

Back to top button