Chile's unemployment rate increased to 10.3 percent in the three months to December 2020, from 7.1 percent in the same period of the previous year, as the number of unemployed jumped by 33.2 percent to 0.92 million while the number of employed dropped by 11.7 percent to 8.03 million. Meantime, the labor force participation rate was down to 56.6 percent and the employment rate declined to 50.8 percent. source: National Institute of Statistics, Chile
Unemployment Rate in Chile averaged 8.16 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 February of 2021.
Unemployment Rate in Chile is expected to be 12.10 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 11.30 in 12 months time. In the long-term, the Chile Unemployment Rate is projected to trend around 9.00 percent in 2022, according to our econometric models.