Chile Unemployment Rate

Unemployment Rate in Chile increased to 6.13 percent in February of 2014 from 6.12 percent in January of 2014. Unemployment Rate in Chile is reported by the National Institute of Statistics, Chile. Unemployment Rate in Chile averaged 8.28 Percent from 1986 until 2014, reaching an all time high of 13.50 Percent in February of 1986 and a record low of 5.10 Percent in February of 1998. In Chile, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Chile Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.13 6.12 13.50 5.10 6.50 | 2014/03 1986 - 2014 Percent Monthly


Chile Unemployment Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-30 12:00 PM Chile
Unemployment Rate
Nov 2013 5.7% 5.8% 5.8%
2014-01-31 12:00 PM Chile
Unemployment Rate
Dec 2013 5.7% 5.7% 5.8% 5.7%
2014-02-28 12:00 PM Chile
Unemployment Rate
Jan 2014 6.1% 5.7% 5.8% 5.9%
2014-03-31 01:00 PM Chile
Unemployment Rate
Feb 2014 6.1% 6.1% 6.3% 6%
2014-04-30 12:00 PM Chile
Unemployment Rate
Mar 2014 6.1% 6.5%
2014-05-30 01:00 PM Chile
Unemployment Rate
Apr 2014 5.9%

Labour Last Previous Highest Lowest Forecast Unit
Employed Persons 7943.26 2014-02-15 7915.41 7943.26 6478.51 7948.10 2014-03-31 Thousand [+]
Job Vacancies 64.50 2014-02-15 84.50 161.40 44.60 76.39 2014-03-31 Index Points [+]
Labor Force Participation Rate 60.37 2014-02-15 60.22 60.37 57.69 59.84 2014-03-31 Percent [+]
Retirement Age Men 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Retirement Age Women 60.00 2013-01-01 60.00 60.00 60.00 60.00 2013-12-31 [+]
Unemployed Persons 519.10 2014-02-15 515.61 855.70 468.14 533.12 2014-03-31 Thousand [+]
Wages 128.40 2014-02-15 128.10 128.40 99.11 128.82 2014-03-31 Index Points [+]
Wages in Manufacturing 128.79 2014-02-15 128.75 128.79 99.13 129.10 2014-03-31 Index Points [+]
Population 17.40 2012-12-31 17.25 17.40 7.65 17.56 2013-12-31 Million [+]
Unemployment Rate 6.13 2014-02-15 6.12 13.50 5.10 6.50 2014-03-31 Percent [+]

Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


Chile GDP Growth Slows to 2.7% YoY in Q4  
Chile's economy advanced 2.7 percent in the fourth quarter of 2013 compared with a year earlier, the slowest expansion in three-and-a-half years, hurt by a sharp fall in investment. For full 2013, the GDP grew at a lower 4.1 percent, down from 5.6 percent in 2012.
Bank of Chile Lowers Interest Rate to 4%  
Bank of Chile cut its benchmark interest rate by 25 bps to 4 percent on March 13th. The key rate stands now at its lowest level in three years.
Bank of Chile Cuts Rate by 25 bps  
At its February 18th, 2014 meeting, the Central Bank of Chile decided to lower the benchmark interest rate to 4.25 percent from 4.5 percent, as the economy continues to lose strength.
Bank of Chile Leaves Rate Unchanged in January  
At its January 16th, 2014 meeting, the Board of the Central Bank of Chile decided to leave the benchmark interest rate unchanged at 4.5 percent. The Board also said that in the coming months it might be necessary to increase the monetary stimulus.
Chile Monetary Policy Unchanged in December  
In its December 12th meeting, Chile's central bank left the monetary policy interest rate on hold at 4.5 percent, following two consecutive cuts. Yet, policymakers pointed that the economy is losing strenght.
Bank of Chile Cuts Interest Rate to 4.5%  
The Board of the Central Bank of Chile decided on November 19th to lower the monetary policy interest rate by 25 basis points to 4.5 percent. The Board cited a slowdown in domestic demand and low inflation.
Chilean Economy Expands 4.7% YoY in Q3  
In the third quarter of 2013, Chile’s GDP expanded 4.7 percent over a year earlier, up from a revised 4 percent in the previous quarter. The expansion was mainly boosted by mining and agriculture.
Bank of Chile Cuts Benchmark Interest Rate to 4.75%  
The Board of the Central Bank of Chile decided on October 17th to lower the monetary policy interest rate by 25 basis points, to 4.75 percent to stimulate easing economic growth. Central Bank of Chile cited gloomier global economic outlook, and decelerating domestic demand.
Bank of Chile Leaves Benchmark Interest Rate on Hold at 5%  
The Board of the Central Bank of Chile decided on September 12th to leave the monetary policy interest rate unchanged at 5 percent, as the inflation rate remains within the tolerance range.
Chilean Monetary Policy Unchanged in August  
On August 13th, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5 percent, citing dynamic consumption, but a rate cut could be on the horizon in the months ahead.


Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News