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.

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Chile Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.90 13.10 13.50 5.10 1986 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 01:00 PM May 11.2% 9% 9.8% 9.2%
2020-07-31 01:00 PM Jun 12.2% 11.2% 12.3% 12%
2020-08-28 01:00 PM Jul 13.1% 12.2% 13% 12.8%
2020-09-30 12:00 PM Aug 12.9% 13.1% 13.5% 13.2%
2020-10-30 12:00 PM Sep 12.9% 13%
2020-11-27 12:00 PM Oct
2020-12-31 12:00 PM Nov


News Stream
Chile Jobless Rate Remains Close to 34-Year High
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.
2020-09-30
Chile Jobless Rate Highest Since 1986
Chile’s unemployment rate soared to 13.1 percent in the three months to July 2020 from 7.5 percent in the corresponding month of the previous year, above market expectations of 13 percent. It was the highest jobless rate since March 1986, as the coronavirus pandemic hit the labour market. The number of unemployed jumped 46.4 percent to 1,065 thousand while the number of employed slumped 20.6 percent to 7,073 thousand. Meantime, the labor force participation rate was at 51.8 percent and the employment rate at 45 percent.
2020-08-28
Chile Jobless Rate Highest Since 1987
Chile’s unemployment rate jumped to 12.2 percent in the three months to June 2020 from 7.3 percent in the corresponding month of the previous year, slightly below market expectations of 12.3 percent. It was the highest jobless rate since July 1987, as the coronavirus pandemic hit the labour market. The number of unemployed soared 42.9 percent to 997 thousand while the number of employed plunged by 20 percent to 8,139 thousand. Meantime, the labor force participation rate was at 51.9 percent and the employment rate at 45.6 percent
2020-07-31
Chile Jobless Rate Highest since 2010
Chile’s unemployment rate rose to 8.2 percent in the three months to March 2020 from 7.2 percent in the same month of the previous year, but below market expectations of 8.5 percent. It was the highest jobless rate since the three months to August 2010, as the number of unemployed increased 15.8 percent to 808 thousand and the number of employed advanced by 0.7 percent to 8,942 thousand. Meantime, the labor force participation rate was at 62.5 percent and the employment rate at 57.3 percent.
2020-04-30

Chile Unemployment Rate
In Chile, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.