Colombia national jobless rate 16.8% in August, down from 20% in july

Colombia’s jobless rate fell to 16.8% in August from 20% in july, while the urban rate was 19.6% (vs 24.7% in july). The national rate in the same month of 2019 was 10.8%, and the urban rate was 11.4%, the government statistics agency said on Wednesday, based on surveys in the 13 biggest cities. The urban jobless rate is more closely watched by financial markets than the national figure. Nearly 70% of the workforce is in large cities.

Source: Reuters