economy
Report revealed a drop in the Venezuelan workforce in Chile
The Economic Context Observatory reported a decrease in the participation of Venezuelans in the Chilean labor market
TL;DR
- Venezuelan participation in Chile's labor market fell for five consecutive quarters.
- The decline is associated with Venezuelans returning to their home country due to political expectations.
- The workforce decrease between January and March 2026 was 5.4% compared to the previous year.
- About 80% of the decrease comes from Venezuelans with less than five years of residency in Chile.
- The phenomenon primarily affects individuals with higher education and men under 35; the female workforce grew by 5%.
- Sectors like delivery services, vehicle cleaning, and hotel reception could be significantly impacted.
- The reduction in the Venezuelan workforce contributed to an overall drop in foreign workers, despite an increase in Chilean workers.
- Excluding Venezuelan workers, Chile's total employment would have shown a larger increase.