President Gustavo Petro confirmed the sustained reduction in unemployment in Colombia

Published at: 27/12/2024 07:16 PM

The president of Colombia, Gustavo Petro, celebrated this Friday, December 27, the sustained reduction in unemployment in his country, which stood at 8.2% last November, eight tenths less than in the same period in 2023.

“Now a New Year's gift. We have the lowest unemployment figure for the month of November since 2018. Unemployment in Colombia: 8.2 percent. Unemployment in the 13 largest cities: 8%. Unemployment in Medellín 7.4 percent,” Petro wrote on his account on the social network X.

He also added that the real minimum wage rose by 4.4% over the course of this year and stressed that, contrary to the thesis of self-described private television experts and bosses of employers' unions, unemployment did not increase, but fell.

According to the figures released this Friday, the 27th, by the National Administrative Department of Statistics (DANE), 420,000 people found work at the close of last month.

In his report, the source explained that the global rate of national participation was 63.7%, while last year's was 64.1%, while the employment rate was 58.5% this year.

For the country's 13 most important cities and metropolitan areas, in the analysis period, the unemployment rate reached 8% compared to 8.7% last year; the overall participation rate stood at 66.7% and the employment rate at 61.4%.

In addition, when comparing the month of November from 2021 to 2024, the average labor informality stood at 55.2 percent at the national level; 83.5% in populated and dispersed rural centers; 43% in the 23 cities and metropolitan areas and 41.5% in the 13 cities and metropolitan areas.