Since 2023, half a million formal jobs have been lost: Andi
Bruce Mac Master, president of the Andi. Photo: Courtesy/Andi
TL;DR
- Half a million formal jobs have been lost in Colombia from 2023 to the present.
- Concerns exist about a deterioration in the quality of employment, despite a reduction in the general unemployment rate.
- Informality remains the majority in the labor market, and the population outside the labor force has increased.
- Key sectors like agriculture, transport, and construction have seen job destruction.
- The gap between female and male unemployment continues to widen, with a significantly lower employment rate for women.
- The trend suggests that the adjustment in the labor market is only beginning, with rural and formal employment being particularly affected.