Labor Force Participation Rate in Chile decreased to 62.50 percent in March from 63.10 percent in February of 2020.

Labor Force Participation Rate in Chile averaged 61.95 percent from 2010 until 2020, reaching an all time high of 63.40 percent in January of 2018 and a record low of 59.60 percent in March of 2010. This page provides - Chile Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Labor Force Participation Rate - values, historical data and charts - was last updated on June of 2020. source: National Institute of Statistics (INE)

Labor Force Participation Rate in Chile is expected to be 62.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Chile to stand at 62.20 in 12 months time. In the long-term, the Chile Labor Force Participation Rate is projected to trend around 62.90 percent in 2021 and 63.50 percent in 2022, according to our econometric models.

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Chile Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
62.50 63.10 63.40 59.60 2010 - 2020 percent Monthly

Chile Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.00 8.20 13.50 5.10 percent [+]
Employed Persons 8942.42 9063.37 9118.18 6478.51 Thousand [+]
Unemployed Persons 801.80 767.87 855.70 497.52 Thousand [+]
Employment Rate 57.30 58.20 59.10 54.10 percent [+]
Labor Force Participation Rate 62.50 63.10 63.40 59.60 percent [+]
Job Vacancies 2.10 8.50 167.10 2.10 points [+]
Wages 5043.30 5036.63 5043.30 2570.67 CLP/Hour [+]
Wages in Manufacturing 120.25 117.89 143.51 97.75 points [+]
Minimum Wages 320500.00 301000.00 320500.00 115648.00 CLP/Month [+]
Population 19.11 18.75 19.11 7.65 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wages High Skilled 1154700.00 1149700.00 1179700.00 1112800.00 CLP/Month [+]
Wages Low Skilled 388700.00 397600.00 397600.00 363600.00 CLP/Month [+]
Living Wage Family 599700.00 600000.00 600000.00 584400.00 CLP/Month [+]
Living Wage Individual 388600.00 394100.00 394100.00 379500.00 CLP/Month [+]


Chile Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.