Chile jobless rate hits highest in over 5 years at 9.6%
Chile's unemployment rate rose to 9.6% in the three months to August, its highest level in more than five years, statistics agency INE said on Wednesday. Economists polled had expected 9.5%.
(Adds milestone and detail throughout) SANTIAGO, Sept 30 (Reuters) — Chile's unemployment rate hit its highest level in more than 5 years in the quarter through August, statistics agency INE said on Wednesday. 5% expected by economists polled. 5% in the previous rolling quarter. "A decline in the labor force is preventing a further rise in the unemployment rate," Jorge Selaive, chief economist at Scotiabank Chile, said on X.
The prior highest unemployment rate, at 10%, was recorded in the March-May 2021 quarter, according to the stat agency. 3 billion plan on Monday aimed at creating 100,000 jobs through infrastructure, reconstruction, housing, and community projects. com;)