Chile's unemployment rate low 8.0% in quarter November 2024 to January 2025

Chile’s unemployment rate low 8.0% in quarter November 2024 to January 2025

In 8.0% the unemployment rate in Chile was located during the quarter November 2024 – January 2025according to the information of the National Employment Survey (Jan) that the National Statistics Institute (INE) reported Friday. It was a variation less than anticipated by the market consensus.

“In 12 months, the indicator registered a decrease of 0.4 percentage points (pp.), product of the rise in the workforce (0.8%), less than that presented by occupied people (1.3%) “said the INE in a statement.

The variation was also less than the immediately prior mobile quarter (8.1%).

For their part, unemployed people decreased 4.1%influenced by those who were unemployed (-4.2%) and those looking for work for the first time (-2.8%).

The INE indicated that with respect to the same period of the previous year, LAt participation rate it stood at 62.1% and did not present variation, while the occupation rate reached 57.1%, growing 0.2 pp. In the period.

On the other hand, the population outside the workforce increased 1.0%, INfluida by the usual inactive people (0.7%) and potentially active inactive people (3.1%).

In women, the unemployment rate reached 9.1%, increasing 0.3 pp. In the period, product of the rise of 0.5% of the workforce, greater than that of 0.2% registered by occupied women, at the same time, the unemployed grew 4.5%.

The participation and occupation rates were 52.7% and 47.9%, retreating 0.2 pp. and 0.3 pp., In each case. Women outside the workforce, meanwhile, expanded 1.3%.

In men, the unemployment rate was 7.2%, decreasing 1.0 pp. in a year, following the increase of 1.1% of the workforce, less than that of 2.2% registered by employed men. The unemployed, meanwhile, descended 11.2%.

The participation and occupation rates were 71.8% and 66.7%, expanding 0.1 pp. and 0.8 pp., In each case. Men outside the workforce increased 0.5%.

Rise of employed people

According to the data delivered by the INE, in twelve months, The estimate of the total employed people grew 1.3%, This figure was influenced by both men (2.2%) and women (0.2%).

In that sense, the sectors that contributed most to the rise of the employed population were activities of health (5.7%), public administration (7.2%) and transport (5.7%)while, by occupational category, the rise was observed in formal salaries (2.9%) and informal wage -ups (0.9%).

On the informal occupation rate, The INE data recorded that it was 26.3%, decreasing 1.3 pp. In twelve months. In the same period, informal employed people decreased 3.4%, a stubborn figure by women (-3.8%) and by men (-3,1).

According to the economic sector, The decline was mainly attributed to trade (-7.9%) and manufacturing industry (-12.9%) While by occupational category, the variation of informal employed persons was influenced by self-employed (-5.3%) and unpaid family (17.6%).

Data by region

LThe data delivered by the INE specified that in the Metropolitan Regionthe unemployment rate reached 8.7% registering a 0.4 pp decrease. In twelve months.

In the same period, the employed population grew 1.0%, mainly influenced, according to economic sector, by public administration (13.1%), professional activities (12.8%) and health activities (5.4%).

On the participation rate, it stood at 65.5% contracting 0.3 pp. and the occupation rate at 59.8%presenting an expansion of 0.1 pp. In twelve months. The population outside the workforce grew 1.5%, leading this figure the usual inactive people.

On the other hand, the informal occupation rate of the period was 22.7%, retreating 0.8 pp. annually. Meanwhile, informal occupied people declined 2.7% in the Metropolitan Region.

In regions, the unemployment rate reached diverse figures. In January 2025, the Atacama region reached the highest nationwide with a 9.2% unemploymentfollowed by the Ñuble region with 8.9% and Araucanía with 8.8%. On the contrary, the Magallanes region marked the lowest number at the country level with 3.9% in the same measurement, followed by the Los Lagos region with 4.1% and Aysén with 4.2%.