Chile's jobless rate rose more than expected in the first quarter as two years of sluggish growth finally caught up with the labor market, signaling stronger headwinds for South America's wealthiest economy.
Employment in Magallanes Region, extreme south of Chile remains strong according to the latest data released by the Chilean stats office, INE, which covers the fourth quarter of 2015 (October/December). While the national unemployment average stands at 5.8%, Magallanes figures with 2.6 percentage points below.
Unemployment in Magallanes region, extreme south of Chile, was 3.8% in the second quarter of the year, which represents a 1.5 percentage point increase over the last twelve months despite a slight fall of 0.2 percentage point compared to the previous quarter (March/May) of 2015, according to the latest release from the INE stats office.
Unemployment in Magallanes Region, extreme south of Chile climbed to 4.4% in the February-April period, which represents an increase of 2.3 percentage points over the same period a year ago, according to the latest release from the INE stats office.
Magallanes Region in the extreme south of Chile had a 3.2% unemployment rate in the third quarter of the year, according to the latest Chilean Stats Office, INE, report. This is the second lowest in the country, behind Aysén Region and marks a slight drop compared to the immediate previous quarter June/July/August, 3,3%.