The Uruguayan labor market showed signs of recovery in December, according to data from the National Institute of Statistics (INE) that reflect that there would have been a drop in the number of unemployed people and a rise in the number of formally employed.
Employment rate: According to the INE, the percentage of people with a job, in relation to the Working Age Population (PET)— stood at 57.7% in December (totaling some 1,672,200 people). In November that indicator was at 57.2%.
Activity rate: This figure represents the population of working age that has a job or is looking for a job: in November it was 62% and in December 61.8% (a total of 1,798,700).
Unemployment rate: The INE assures that it fell from 7.4% in November to 7% in December. There were 126,000 who were in this situation in the last month of 2021.
