Colombia’s unemployment rate rose to 11.6% in January 2025 from 12.7% a year earlier, recovering from a low of 8.2% in November. The employed population increased by 878,000 to 22.903 million, while labor force participation decreased to 65.7%. The employment rate improved to 58.4%.
In January 2025, Colombia’s unemployment rate reached 11.6%, representing a decrease from 12.7% the previous year. This figure, however, is a rebound from a record low of 8.2% recorded in November 2024, highlighting fluctuations in the labor market over the past year.
Despite this increase in the unemployment rate, the employed population grew significantly, with an addition of 878,000 jobs, leading to a total employed workforce of 22.903 million people year-on-year. This indicates a notable recovery in job creation, albeit alongside rising unemployment.
Labor force participation saw a slight decrease, moving from 65.9% in January 2024 to 65.7% in January 2025. On the other hand, the employment rate rose to 58.4%, up from 57.7% a year earlier, indicating that although fewer people are participating in the labor force, those employed represent a greater percentage of the total population.
In summary, Colombia’s job market showed contrasting trends in January 2025. The unemployment rate rose to 11.6%, recovering from a record low, yet the employed population grew significantly. Labor force participation dipped slightly, though the overall employment rate improved, illustrating complexities in the economic landscape faced by Colombia as it adjusts to changing employment dynamics.
Original Source: www.tradingview.com
