Unemployment Decrease: The Colombian State Concentrates 4 Out of 10 New Jobs in the Last Year
Following the Dane's publication this March 30, February data shows a significant drop in unemployment, although the composition of employment raises concerns: the State concentrated a significant portion of new positions.
TL;DR
- Unemployment rate dropped to 9.2% in February, a 22-year low.
- 2.45 million people were unemployed, a 17.5% decrease from the previous year.
- Nearly 4 out of 10 new jobs (244,000 out of 624,000) were created in public administration, defense, education, and health.
- Traditional sectors saw job losses: agriculture (-363,000), transport (-86,000), and construction (-38,000).
- Salaried employment, particularly in the private sector, drove job expansion.
- Regional unemployment gaps persist, with Quibdó, Riohacha, and Cartagena having the highest rates.