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Marcel breaks into a cold sweat on unemployment, assures it won’t hit double digits



The head of fiscal resources said the unemployment rate “has remained at around 8%, indicating a stable labor market,” for the ninth straight month. He acknowledged that the metric could see further increases, but ruled out double-digit scores.

The government, in the voice of the Minister of Finance, Mario Marcel , Put a cold cloth on Chile’s latest unemployment rate, reported Monday by the National Institute of Statistics (INE).and We have ruled out the possibility of rates rising to double digits.

Specifically, the vacancy rate for the moving quarter from November 2022 to January 2023 is 8.0%.

This figure represents an increase of 0.7 percentage points (pp.) in 12 months. (Increase for 3 consecutive years after consecutive decrease from February to April 2021) given that the increase in the labor force (4.3%) was greater than the increase in the number of workers (3.4%).

In this regard, the Chief of Fiscal Resources said the unemployment rate “has remained at about 8% for nine months, It shows the stability of the labor market. ”

Marcel reiterated that the country’s market “remains resilient” but admitted there were “worrying” indicators, such as a decline in job advertisements being published on the internet.

“But basically the situation continues,” he stressed.

He also acknowledged that the unemployment index could rise further, but ruled out double digits.

“I don’t think we will fortunately see a double-digit rate situation that was conceived at one point.” Ended.

Source: Biobiochile

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