Chile's unemployment rate stood at 6.9 percent in the three months to March 2019, unchanged from the same period a year earlier. The number of unemployed rose by 0.3 percent to 623 thousand while the number of employed went up by 1.2 percent to 8476 thousand. Across sectors, employment increased mainly in health (8.2 percent) education (4.6 percent) and other service activities (8.9 percent). Unemployment Rate in Chile averaged 8.05 percent from 1986 until 2019, 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.
Unemployment Rate in Chile is expected to be 6.80 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 6.70 in 12 months time. In the long-term, the Chile Unemployment Rate is projected to trend around 6.40 percent in 2020, according to our econometric models.