Chile's unemployment rate was little-changed at 12.9 percent in the three months to August 2020, remaining close to last month's 34-year high but below market expectations of 13.5 percent. The number of unemployed jumped 46.0 percent year-on-year to 1.07 million while the number of employed slumped 19.4 percent to 7.19 million. Meantime, the labor force participation rate stood at 52.5 percent and the employment rate at 45.7 percent.
Unemployment Rate in Chile averaged 8.13 percent from 1986 until 2020, reaching an all time high of 13.50 percent in February of 1986 and a record low of 5.10 percent in February of 1998. This page provides the latest reported value for - Chile Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: National Institute of Statistics, Chile
Unemployment Rate in Chile is expected to be 13.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Chile to stand at 11.90 in 12 months time. In the long-term, the Chile Unemployment Rate is projected to trend around 11.30 percent in 2021 and 9.00 percent in 2022, according to our econometric models.