Colombia Weekly
Colombia Weekly Rodrigo Fuenmayor, William Pereira, Economics/FX/Interest Rate Teams - FX / Rates Colombia Weekly | 04 Dec 2012 12:21 | Summary Strengthening labour market. The unemployment rate (urban areas) declined to 10.2% in October from 10.7% in the month before. This was better than the consensus expectation of 10.5%. The national unemployment rate was 8.9%. The strengthening of the labour market and continued availability of credit, albeit at a reduced pace, bode well for domestic consumption and demand.