Some reactions to the unemployment rate of 11.2% in April

Some reactions to the unemployment rate of 11.2% in April

The president of the National Association of Entrepreneurs of Colombia, Bruce Mac Master, stated that “the labor market continues to show positive signs having added more than 2.2 million people in employment position in April 2022, compared to that month of 2021″.

(Andi met with presidential candidates and presented his proposals.)

For the union leader the economic growth that the country has registered has marked these results leading to an employed workforce of more than 19 million, after falling to 16 million during April 2020 due to the pandemic.

“Private and public efforts have borne fruit and it is a priority to continue working on this path, to seek to reduce the unemployment figure to single-digit levels, as soon as possible,” said Mac Master.

(Candidates will receive this Thursday the proposals of the businessmen).

In particular, he highlighted the growth of the employed population in the 13 main cities of the country, which went from 9.2 million in April 2021 to 10.3 million in the same month of 2022.

Likewise, he indicated that in the 13 main cities and their metropolitan areas, the manufacturing industry It was the branch of economic activity that had the greatest increase in the number of employed persons, with 324,000 in April 2022, which meant a quite significant contribution of 3.5 pp to the variation.

The Andi president also commented on the reduction in the population outside the labor force, which had grown significantly due to the pandemic and quarantines, but which in April 2022 fell by 5.1% compared to the same month of the year. previous, closing at 14.3 million.

Regarding youth unemployment, he expressed his optimism when observing that the employed population between 25 and 28 years old increased by 334,000 people between February and April 2022, compared to the same period in 2021, so that the unemployment rate for this population went from 23.9% to 20%.

“Although double-digit unemployment continues to be alarming for the younger population, the progress in the inclusion of these people, in an increasingly determined manner in the labor market, is very important. In this, the incentives provided by the Government for the hiring of personnel up to 28 years of age have been key, so these initiatives must continue to be promoted”, he pointed out.

For his part, Hernando José Gómez, president of Asobancaria, posted on his Twitter account: “Let us recognize the advances on which we will build the change that they claimed at the polls. Examples: In April, we exported 82.2% more than in the same month of 2021. Unemployment was 11.2%, while last April 15.5%. That the campaign does not build a black/white reality.”

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