Chile: Unemployment in the Greater Santiago area reached a record low in December.
Chile: Unemployment in the Greater Santiago area reached a record low in December.
Unemployment in the Greater Santiago area reached a record low in December. According to Universidad de Chile, unemployment declined to 5.2% in December in the Greater Santiago area. While the jobless rate usually benefits from benign Q4 seasonality, the actual reading was a positive surprise. December’s result stood 1pp below its level in the previous year.
The official December unemployment rate will be unveiled next week. We look for a 6.1% reading.
Unemployment in the Greater Santiago area reached a record low in December. According to Universidad de Chile, unemployment declined to 5.2% in December in the Greater Santiago area. While the jobless rate usually benefits from benign Q4 seasonality, the actual reading was a positive surprise. December’s result stood 1pp below its level in the previous year.
The official December unemployment rate will be unveiled next week. We look for a 6.1% reading.
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