Effect of the 2026 minimum wage increase? Commerce and restaurants already lose 258,000 jobs
Colombia started 2026 with a historic figure, the unemployment rate in January was 10.9%, the best record for that month in 25 years. The figure, publi...
TL;DR
- Colombia's January unemployment rate reached a 25-year low of 10.9%.
- The commerce and restaurant sectors have lost 258,000 jobs.
- There is speculation that the 2026 minimum wage increase may be contributing to these job losses.