The unemployment rate in Uruguay increased to 7.9 percent in December 2022 from 7.0 percent in the corresponding month of the previous year. The activity rate was 62.7 percent, and the employment rate at 57.7 percent in December. source: Instituto Nacional de Estadística, Uruguay

Unemployment Rate in Uruguay averaged 7.99 percent from 2006 until 2022, reaching an all time high of 13.40 percent in January of 2006 and a record low of 5.40 percent in December of 2010. This page provides - Uruguay Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uruguay Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Unemployment Rate in Uruguay is expected to be 7.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Unemployment Rate is projected to trend around 8.00 percent in 2024, according to our econometric models.

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Uruguay Unemployment Rate

Calendar GMT Actual Previous Consensus TEForecast
2023-01-13 05:15 PM Nov 7.8% 7.8% 8.1%
2023-01-24 05:00 PM Dec 7.9% 7.8% 7.7%
2023-03-14 05:30 PM Jan 7.9% 7.9%

Related Last Previous Unit Reference
Unemployment Rate 7.90 7.80 percent Dec 2022
Employed Persons 56.70 57.80 percent Feb 2020
Employment Rate 57.70 57.50 percent Dec 2022
Wages in Manufacturing 409.68 409.59 points Dec 2022
Population 3.54 3.53 million Dec 2021
Labor Force Participation Rate 62.70 62.40 percent Dec 2022

Uruguay Unemployment Rate
In Uruguay, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
7.90 7.80 13.40 5.40 2006 - 2022 percent Monthly

News Stream
Uruguay Jobless Rate at 8.3% in September
The unemployment rate in Uruguay fell to 8.3 percent in September of 2022 from 9.4 percent in the corresponding month of the previous year. The employment rate rose to 56.8 percent from 55.8 percent while the labour force participation rate went up to 61.9 percent from 61.6 percent. In August, the jobless rate was lower at 7.9 percent.
Uruguay Jobless Rate Falls to 7.9% in August
The unemployment rate in Uruguay fell to 7.9 percent in August of 2022 from 9.5 percent in the corresponding month of the previous year and 8.1 percent in the previous month. The jobless rate was at 8.7 percent for women and 7.3 percent for men. Meanwhile, the employment rate rose 0.7 percentage points from a year earlier to 56.6 percent while the activity rate edged down 0.3 percentage points to 61.5 percent.