Colombia raises minimum wage by 12%
Colombia’s Labor Ministry raised the country’s minimum wage by 12% to $335 (COP1.3 million). The wage hike affects the monthly income of some 2.5 million workers and is more than…
Colombia’s Labor Ministry raised the country’s minimum wage by 12% to $335 (COP1.3 million). The wage hike affects the monthly income of some 2.5 million workers and is more than…
Colombia has traditionally had of the highest unemployment rates in the hemisphere, which has worsened over the past few years.
Unemployment in Colombia dropped to its lowest lowest since the beginning of the Covid-19 pandemic, statistics agency DANE announced Wednesday. According to DANE, the national unemployment rate was 12.3% in…
Colombia’s finance minister proposed to temporarily allow employers to hire workers for 80% of the country’s $250 monthly minimum wage, claiming this would boost economic recovery. Finance Minister Alberto Carrasquilla…
Unemployment in Colombia is recovering only slightly from the historic economic collapse between March and April when the COVID-19 pandemic left 5 million people without a job, according to statistics…
Colombia’s unemployment rose to 21.4% in May, despite efforts to reactivate the economy that was all but shut down in March in response to the coronavirus pandemic, statistics agency DANE…
The coronavirus pandemic triggered Colombia’s unemployment rate to skyrocket to 19.8% in April, a rate not measured since one of the country’s worst crises in history in 2000. April’s rate…
Colombia’s President Ivan Duque issued a second state of emergency on Wednesday and announced subsidies for small businesses to continue paying wages during an ongoing shutdown. The second state of…
Colombia’s government will assume personnel costs of all micro, small and medium-sided businesses during the height of the coronavirus pandemic to prevent mass layoffs and bankruptcies . In a television…