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November 12, 2024
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Where is unemployment rising and falling in Colombia?

They are preparing to cut accounts for the formalization of labor in the country's public entities

When talking about the labor market, unemployment rate or people looking for work in Colombia, views on what is really happening are divided, since some say that unemployment is falling in Colombia, while others They maintain that this sector of the economy continues to show signs of weakness that are not addressed.

For now, the reality is that unemployment is around 9.1%, a figure that is slightly lower than the 9.3% of the same month a year earlier and it is also understood that of the 40.2 million Colombians of age of work; 2.3 million They cannot find it, even though they are looking for a place to develop in the workplace.

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A recent analysis by the Labor Market and Social Security Observatory of the Externado University recently took on the task of reviewing what is happening with unemployment in Colombia, but with a special emphasis on knowing which sectors are generating the most jobs currently.

These experts reported that employees of companiessayes private sector once again drove employment growth in the month of September (+207 thousand, +2.1%). Likewise, they maintain that domestic employees (+23 thousand, +3.4%) and self-employed workers (+74 thousand; +0.8%) increased.

“On the other hand, sharp falls in employment were recorded among public employees (-116 thousand; -11.6%) and employers (-83 thousand; -12.7%). Unpaid family workers and day laborers presented small increases, of 6 thousand and 5 thousand people, respectively,” the report says.

Simply put, employment is currently being generated in companies, large, medium and small, of a private nature, and in entrepreneurship originated by those Colombians who They do not want to be salaried and choose to bet on the development of their skills and knowledge.

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On the other hand, when discriminated by branches or productive activities, the Observatory highlights that professional and technical activities turned out to be the branch that generated the most employment (+176 thousand, +10.1%). They were followed by hospitality (+137 thousand, +8.5%), agriculture (+97 thousand, +3.1%), energy and water supply (+89 thousand, +13.9%), activities arts and entertainment (+11 thousand; +0.6%) and commerce (+8 thousand; +0.2%).

“In turn, the sectors that lost the most jobs in September were transportation and storage (-114 thousand; -6%), the information and communications sector (-99 thousand; -20.6%), financial activities (-53 thousand; -13.2%), real estate (-28 thousand; -9.9%), public administration (-45 thousand; -1.6%), manufacturing industry (-38 thousand; -1.6%) and construction (-32 thousand; -2.1%). “There are four consecutive months that construction has registered drops in its occupancy,” they reported.

Unemployment

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In all of this, it must also be said that in the last report, informal employment decreased 0.6% and the informality rate at the national level fell from 56.1% to 55.6%, which for them “infers that The drop in informality was concentrated exclusively in small urban centers, for which Dane does not publish informality statistics. In fact, the informality rate increased in all of the 23 main urban centers – from 43% to 43.4% – and remained stable in populated and dispersed rural centers.

The labor market experts from the Externado University closed by saying that according to geographic domains, it should not be overlooked that employment increased and unemployment decreased in the 13 main cities and in the populated and dispersed rural centers; while in intermediate cities and small urban centers it happened quite the opposite, since employment decreased and unemployment increased.

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