Unemployment rate reached 8.9% in the last quarter of 2019

The unemployment rate reached 8.9% in the last quarter of 2019, 0.2 percentage points below the same period in 2018, with a slight increase in informal employment. According to the National Institute of Statistics and Censuses, this drop in the unemployment rate occurred even though the Gross Domestic Product shrank by 2.2% last year, with significant declines in manufacturing production, construction and trade.

Source: Ámbito