Chile unemployment hits new record of 13%

SANTIAGO: Unemployment in Chile has reached a new record high of 13.1 per cent, the national statistics institute said on Friday (Aug 28).

Unemployment rose by 5.6 percentage points in the rolling May-July quarter compared to the same period in 2019.

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The statistics institute said it was the highest figure since 2010, when the body changed its calculation method.

That means that more than a million people are out of work, leaving 8.1 million employed after the loss of 1.8 million jobs over the last year.

READ: Chile's poor clash with police amid concerns over food shortages

However, the unemployment figure doesn't take into account the 760,000 people that took advantage of a government initiative launched in March to protect jobs affected by the coronavirus pandemic by allowing the temporary suspension of contracts and access to unemployment insurance.

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The institute said that taking into consideration those unemployed, those on the government scheme, and those not looking for work but able to, then the number of people out of employment rises to 30 per cent of the potential workforce.

"These are the most severe figures… that we've had in the history of our country," said Labour Minister Maria Jose ZaldivarRead More – Source