Labor market still under pressure: unemployment rose to 6.8% in the November quarter


In the midst of the questioning of the Ministry of Labor to the employment data of INE and the process of updating the sample base that is being carried out by the agency, the statistical entity reported on Thursday that unemployment reached 6.8% in the quarter November 2018 – January 2019. The figure was in line with analysts' expectations, but it was up from 6.7% in the last quarter of last year and 6.5% in November 2017 – January 2018

INE explained that the 12-month increase was due to the 0.8% increase in the workforce, which was higher than the 0.6% growth in the number of employed persons.

Over the last 12 months, 46,775 new jobs have been created, an increase due to the expansion of public servants (2.7%), self-employed workers (1,2%) and private employees (0,3%). On the other hand, unpaid family members, domestic employees and employers registered decreases of 7.4%, 2% and 0.8%, respectively.

The last months were marked by the differences between the results presented by the government data, which uses the numbers of the pension system contributors and the unemployment insurance, with those of the INE. In fact, Labor Minister Nicolas Monckeberg, before delivering the INE report, said yesterday that, according to the latest data available for January, contributors to the pension system increased 202,246 in twelve months.

In its report, INE reiterated that the figures derived from the National Employment Survey "should be analyzed with caution, since currently the process leading to the results contains limitations that can only be phased out in the coming months, through the update of the sampling base with which the houses are selected, which began to be implemented as of November 2018. "

The employment report adds that, by sector, the 12-month expansion of employment was driven by health activities (8.7%), education (3.4%) and administrative and support services (7.9% ). ).

Women's employment grew by 1.2% in twelve months, while men grew by 0.1%. According to the age group, the greatest influence came from the age group of 50 to 64 years, which rose by 2.8%, while the age group from 15 to 24 years fell by 5.5%.

Working Pressure Rate

In twelve months, the unemployed and the initiators available increased by 4.9% and 7.4%, respectively, while those seeking employment declined by 4.2%, implying that the rate of work pressure reached 12.5 %, without recording variation in the period.

Employed job seekers have fallen because of private employees. According to the sector, households, such as employers and health activities, had a negative impact. Among the reasons to seek work that have been reduced to pressure, "because you want a job with higher income." Compared with the same quarter of the previous year, the labor pressure rates of women and men remained at 12.8% and 12.3% in each case.

On the other hand, the seasonally adjusted unemployment rate was 7.1% and did not change in relation to the previous quarter on the move.

Informality of work

Informal workers decreased by 0.6% in twelve months, affected only by the fall of women who fell by 1.5%. According to the economic sector, there was a decline in construction of 4.8% and in transport, with a decline of 6.1%.

By employment category, private employees, public servants, unpaid family members and employers decreased by 4.6%, 10.3%, 7.4% and 7.2%, respectively. The only increases were recorded in self-employed workers (3%) and domestic workers (11.1%). In the same period, the informal employment rate contracted 0.3 points to 29.2%.


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