Chile Unemployment Rate - Forecast

Unemployment Rate in Chile is expected to be 6.80 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 6.70 in 12 months time. In the long-term, the Chile Unemployment Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.


Chile Unemployment Rate
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Chile Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 6.7 6.8 6.6 6.7 6.7 6.5
Employed Persons 8382 8384 8388 8389 8389 8389
Unemployed Persons 605 640 650 600 605 640
Employment Rate 55.75 55.66 55.75 55.81 55.79 55.78
Labor Force Participation Rate 59.78 59.82 59.82 59.81 59.82 59.82
Job Vacancies 31.2 21.06 22.79 22.88 22.89 22.88
Wages 4629 4650 4665 4700 4850 5300
Wages in Manufacturing 109 108 108 109 109 112
Minimum Wages 276000 276000 276000 276000 285000 295000
Population 18.37 18.2 18.33 18.37 18.42 19.12
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Wages Low Skilled 375500 378734 378734 378734 378734 383498
Wages High Skilled 1161900 1171346 1171346 1171346 1171346 1191346
Living Wage Family 622100 630000 630000 630000 640000 640000
Living Wage Individual 400300 400300 400300 400300 400300 400300