Unemployment Rate in El Salvador decreased to 6.30 percent in 2019 from 6.40 percent in 2018.

Unemployment Rate in El Salvador averaged 6.84 percent from 1995 until 2019, reaching an all time high of 7.97 percent in 1997 and a record low of 5.88 percent in 2008. This page provides - El Salvador Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. El Salvador Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Unemployment Rate in El Salvador is expected to reach 8.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the El Salvador Unemployment Rate is projected to trend around 8.00 percent in 2021 and 7.50 percent in 2022, according to our econometric models.

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El Salvador Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.30 6.40 7.97 5.88 1995 - 2019 percent Yearly

El Salvador Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.30 6.40 7.97 5.88 percent [+]
Unemployed Persons 196747.00 190724.00 208694.00 146858.00 [+]
Labor Force Participation Rate 62.20 61.30 63.60 52.40 percent [+]
Population 6.45 6.42 6.45 2.20 Million [+]
Employed Persons 2908119.00 2814266.00 2908119.00 2173963.00 [+]
Employment Rate 46.31 45.24 46.31 40.40 percent [+]
Youth Unemployment Rate 13.40 13.60 15.00 8.90 percent [+]

El Salvador Unemployment Rate
In El Salvador, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.