Chile’s unemployment rate soared to 13.1 percent in the three months to July 2020 from 7.5 percent in the corresponding month of the previous year, above market expectations of 13 percent. It was the highest jobless rate since March 1986, as the coronavirus pandemic hit the labour market. The number of unemployed jumped 46.4 percent to 1,065 thousand while the number of employed slumped 20.6 percent to 7,073 thousand. Meantime, the labor force participation rate was at 51.8 percent and the employment rate at 45 percent.

Unemployment Rate in Chile averaged 8.12 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 September of 2020. source: National Institute of Statistics, Chile

Unemployment Rate in Chile is expected to be 11.50 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 10.50 in 12 months time. In the long-term, the Chile Unemployment Rate is projected to trend around 9.70 percent in 2021 and 8.10 percent in 2022, according to our econometric models.

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Chile Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
13.10 12.20 13.50 5.10 1986 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-29 01:00 PM Apr 9% 8.2% 9% 8.9%
2020-06-30 01:00 PM May 11.2% 9% 9.8% 9.2%
2020-07-31 01:00 PM Jun 12.2% 11.2% 12.3% 12%
2020-08-28 01:00 PM Jul 13.1% 12.2% 13% 12.8%
2020-09-30 12:00 PM Aug 13.1% 13.2%
2020-10-30 12:00 PM Sep 13%
2020-11-27 12:00 PM Oct
2020-12-31 12:00 PM Nov


News Stream
Chile Jobless Rate Highest Since 1986
Chile’s unemployment rate soared to 13.1 percent in the three months to July 2020 from 7.5 percent in the corresponding month of the previous year, above market expectations of 13 percent. It was the highest jobless rate since March 1986, as the coronavirus pandemic hit the labour market. The number of unemployed jumped 46.4 percent to 1,065 thousand while the number of employed slumped 20.6 percent to 7,073 thousand. Meantime, the labor force participation rate was at 51.8 percent and the employment rate at 45 percent.
2020-08-28
Chile Jobless Rate Highest Since 1987
Chile’s unemployment rate jumped to 12.2 percent in the three months to June 2020 from 7.3 percent in the corresponding month of the previous year, slightly below market expectations of 12.3 percent. It was the highest jobless rate since July 1987, as the coronavirus pandemic hit the labour market. The number of unemployed soared 42.9 percent to 997 thousand while the number of employed plunged by 20 percent to 8,139 thousand. Meantime, the labor force participation rate was at 51.9 percent and the employment rate at 45.6 percent
2020-07-31
Chile Jobless Rate Highest since 2010
Chile’s unemployment rate rose to 8.2 percent in the three months to March 2020 from 7.2 percent in the same month of the previous year, but below market expectations of 8.5 percent. It was the highest jobless rate since the three months to August 2010, as the number of unemployed increased 15.8 percent to 808 thousand and the number of employed advanced by 0.7 percent to 8,942 thousand. Meantime, the labor force participation rate was at 62.5 percent and the employment rate at 57.3 percent.
2020-04-30
Chile Jobless Rate Rises to Over 1-1/2-Year High
Chile’s unemployment rate increased to 7.8 percent in the three months to February 2020 from 7.0 percent in the corresponding period of the previous year and above market expectations of 7.2 percent. It was the highest jobless rate since the three months to July 2018, as the number of unemployed jumped by 13.9 percent to 768 thousand and the number of employed went up by 1.7 percent to 9,831 thousand. Meantime, the labor force participation rate was at 63.1 percent and the employment rate at 58.2 percent.
2020-03-31

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.