Colombia’s unemployment rate decreased to 11.6% in January 2025, down from 12.7% a year prior but up from 8.2% in November 2024. The number of employed increased by 878,000, totaling 22.903 million. Labor force participation fell to 65.7%, while employment rose to 58.4%.
In January 2025, Colombia’s unemployment rate stood at 11.6%, reflecting a decrease from 12.7% recorded in the same month of the previous year. However, it marks an increase from the historical low of 8.2% noted in November 2024. The labor market has experienced fluctuations as the nation continues to recover from economic disturbances affecting employment.
The employed population in Colombia grew by 878,000 individuals, resulting in a total workforce of approximately 22.903 million. This increase signifies a positive trend in job creation, although the overall dynamics of the labor market remain complex. As this number rises, it indicates a gradual recovery from previous economic challenges.
Despite the increase in employment numbers, the labor force participation rate slightly dropped to 65.7% from 65.9% a year earlier. Conversely, the employment rate saw an upward movement, increasing to 58.4% from 57.7%. This disparity suggests a nuanced picture of the labor market, one that requires ongoing analysis and understanding.
In summary, Colombia’s unemployment rate of 11.6% in January 2025 reflects an improvement from the previous year, yet a rise from the recent low in November indicates ongoing challenges. With an increase in employment and a slight decrease in the labor force participation rate, the Colombian economy appears to be on a path to recovery, although further examination of these trends will be essential for future assessments.
Original Source: www.tradingview.com
