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Summary of labor market figures May 2021

Summary of labor market figures May 2021

Resume: In May 2021, the labor market in Colombia shows a recovery in relation to the first months of the pandemic. Despite this, the unemployment rate for May 2021 was 15.6%, implying an increase of 0.5 percentage points (p.p.) compared to the previous month. Although the unemployment rate reported in May 2021 is 5.8 p.p. lower than that registered in the same month of 2020, there is still a gap of 5.1 p.p. in relation to the corresponding record of 2019 (10.5%). It should be noted that for May 2021 there was an annual increase in the number of employed persons (increase of 3, 2 million employed) a reduction in the number of unemployed (reduction of 902 thousand people) and a reduction in inactivity of 1.8 million. Download here Summary labor market figures May 2021