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May 11, 2022
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Colombia, among the OECD countries that increased unemployment in March

Colombia, among the OECD countries that increased unemployment in March

Colombia was one of the few countries of the Organization for Economic Cooperation and Development (OECD) that registered a slight increase in the unemployment rate for the month of March, according to the report published this Wednesday by the selective group.

(US unemployment rate stood at 3.6% in April).

Specifically, the country was one of the three countries outside the euro zone where the unemployment rate grew. This rate went from 12.2% in February to 12.3% in March, an increase of 0.1 basis points.

Colombia is accompanied, outside the euro zone, Turkey (from 11.1% to 11.5%) and Denmark (from 4.4% to 4.5%) and, within the European area, are Greece, Portugal, Spain and Ireland, the latter being where the highest increase from 5.2% to 5.5%.

Despite this situation, the group of good practices announced that its inflation rate for March 2022 was 5.1%, the lowest since February 2020, when it was 5.3%.

(The challenges of the recovery of employment in the country).

“The unemployment rate was below the pre-pandemic rate in two-thirds of OECD countries in March, compared to just half of them in February. In addition, the number of unemployed workers in the OECD continued to decline, reaching 34.6 million, 900 thousand below the pre-pandemic level. pointed out a press release of the entity.

The March decline in the OECD jobless rate was recorded for both women and men, as well as for all age groups, the group said.

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