The jobless rate in Chile declined to 7.2 percent in the three months to July of 2019 from 7.3 percent a year earlier and in line with market expectations. The number of unemployed decreased 0.7 percent to 654.6 thousand while employment rose 1.5 percent to 8,474 thousand. The labor force participation rate was recorded at 59.4 percent and the employment rate at 55.1 percent. Unemployment Rate in Chile averaged 8.04 percent from 1986 until 2019, 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.

Unemployment Rate in Chile is expected to be 6.90 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 7.00 in 12 months time. In the long-term, the Chile Unemployment Rate is projected to trend around 6.40 percent in 2020, according to our econometric models.

Chile Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-31 01:00 PM Unemployment Rate Apr 6.9% 6.9% 6.8%
2019-06-28 01:00 PM Unemployment Rate May 7.1% 6.9% 6.9%
2019-07-31 01:00 PM Unemployment Rate Jun 7.1% 7.1% 7.3% 7.3%
2019-08-30 01:00 PM Unemployment Rate Jul 7.2% 7.1% 7.2% 7.2%
2019-09-30 12:00 PM Unemployment Rate Aug 7.2% 7.1%
2019-10-30 12:00 PM Unemployment Rate Sep 6.9%
2019-11-29 12:00 PM Unemployment Rate Oct 6.9%


Chile Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.20 7.10 13.50 5.10 percent [+]
Employed Persons 8474.03 8469.53 8508.53 6478.51 Thousand [+]
Unemployed Persons 654.60 647.60 855.70 468.14 Thousand [+]
Employment Rate 55.10 55.10 56.67 52.47 percent [+]
Labor Force Participation Rate 59.40 59.40 60.37 57.69 percent [+]
Job Vacancies 15.20 15.60 161.00 9.90 Index Points [+]
Wages 4871.43 4870.69 4894.52 2570.67 CLP/Hour [+]
Wages in Manufacturing 115.60 115.24 143.51 97.75 Index Points [+]
Minimum Wages 301000.00 276000.00 301000.00 115648.00 CLP/Month [+]
Population 18.75 18.37 18.75 7.65 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wages Low Skilled 388700.00 397600.00 397600.00 363600.00 CLP/Month [+]
Wages High Skilled 1154700.00 1149700.00 1179700.00 1112800.00 CLP/Month [+]
Living Wage Family 599700.00 600000.00 600000.00 584400.00 CLP/Month [+]
Living Wage Individual 388600.00 394100.00 394100.00 379500.00 CLP/Month [+]


Chile Unemployment Rate

In Chile, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.20 7.10 13.50 5.10 1986 - 2019 percent Monthly




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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