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The unemployment rate in Greater Santiago fell to 7% in June
According to the Microdata Center, the figure represents a historic decline over the last 20 years.
On Tuesday, the Microdata Center of the Faculty of Economics The University of Chile announced that the unemployment rate in Greater Santiago dropped to 7% in June, a decrease of 0.6 points per compared to March and 1.0 point compared to June 2017.
According to the study, this figure is due to the fact that in the last twelve months the employment has increased by 3 , 6%, a total of three million 31 thousand people, and the labor force to 2.5%. [19659005] The latest Survey of Occupancy and Unemployment in the Greater Santiago Microdata Center showed an unemployment rate of 7.0%, down 0.6 pp from March and 1 , 0 pp compared to June 2017
] – Microdata Center (@CMicrodatos) July 24, 2018
Fabián Duarte, Director of the Center for Microdata, explained that these figures have shown a historic decline in the 20 recent years (9.7%) and also over the last 10 years (7.8%), adding that the unemployment rate is due to a negative variation in men of 1.0 point and in women of 1.1 points .
For its part, self-employment increased to 10.6%, which, according to Duarte, is a positive figure, whose evolution confirms an upward trend
In addition, it is reported that labor participation was 62.3%, with men reaching 72% and women 53.4%.
Finally, Microdatos argues that the average income of employed persons is $ 552,000, while that of the self-employed is $ 407,000
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