Unemployment in Colombia 9% in October

The unemployment rate in Colombia for October 2011 was 9%, down from 10.2% for the same month in 2010, according to a report published Wednesday by Colombia’s national statistics agency DANE

The employment rate grew to 60.8% that month, up from 57.3% in October 2010.

Over the entire year, finished October 2011, the unemployment rate was 11% compared to 11.8% for the year to October 2010.

The lowest unemployment rate for the August to October trimester was registered in Bogota at 7.8%. Popayan, the capital of the department of Cauca, had the highest unemployment rate at 17.4%.

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