Chile's unemployment rate rose to 11.6 percent in the three months to October 2020, from 7.1 percent in the same period of the previous year, as the number of unemployed jumped 45.1 percent to 1.00 million while the number of employed dropped 14.8 percent to 7.67 million. Meantime, the labor force participation rate stood at 55.0 percent and the employment rate at 48.6 percent. source: National Institute of Statistics, Chile

Unemployment Rate in Chile averaged 8.15 percent from 1986 until 2020, 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. This page provides the latest reported value for - Chile Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Unemployment Rate in Chile is expected to be 12.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Chile to stand at 11.60 in 12 months time. In the long-term, the Chile Unemployment Rate is projected to trend around 11.30 percent in 2021 and 9.00 percent in 2022, according to our econometric models.

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Chile Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.60 12.30 13.50 5.10 1986 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-28 01:00 PM Jul 13.1% 12.2% 13% 12.8%
2020-09-30 12:00 PM Aug 12.9% 13.1% 13.5% 13.2%
2020-10-30 12:00 PM Sep 12.3% 12.9% 12.8% 12.9%
2020-11-27 12:00 PM Oct 11.6% 12.3% 12.2%
2020-12-31 12:00 PM Nov 11.6%
2021-02-01 12:00 PM Dec
2021-03-01 01:00 PM Jan
2021-03-31 12:00 PM Feb
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Chile Jobless Rate Rises to 11.6% in August-October
Chile's unemployment rate rose to 11.6 percent in the three months to October 2020, from 7.1 percent in the same period of the previous year, as the number of unemployed jumped 45.1 percent to 1.00 million while the number of employed dropped 14.8 percent to 7.67 million. Meantime, the labor force participation rate stood at 55.0 percent and the employment rate at 48.6 percent.
2020-11-27
Chile Jobless Rate Remains Close to 34-Year High
Chile's unemployment rate was little-changed at 12.9 percent in the three months to August 2020, remaining close to last month's 34-year high but below market expectations of 13.5 percent. The number of unemployed jumped 46.0 percent year-on-year to 1.07 million while the number of employed slumped 19.4 percent to 7.19 million. Meantime, the labor force participation rate stood at 52.5 percent and the employment rate at 45.7 percent.
2020-09-30
Chile Jobless Rate Highest Since 1986
Chile’s unemployment rate soared to 13.1 percent in the three months to July 2020 from 7.5 percent in the corresponding month of the previous year, above market expectations of 13 percent. It was the highest jobless rate since March 1986, as the coronavirus pandemic hit the labour market. The number of unemployed jumped 46.4 percent to 1,065 thousand while the number of employed slumped 20.6 percent to 7,073 thousand. Meantime, the labor force participation rate was at 51.8 percent and the employment rate at 45 percent.
2020-08-28
Chile Jobless Rate Highest Since 1987
Chile’s unemployment rate jumped to 12.2 percent in the three months to June 2020 from 7.3 percent in the corresponding month of the previous year, slightly below market expectations of 12.3 percent. It was the highest jobless rate since July 1987, as the coronavirus pandemic hit the labour market. The number of unemployed soared 42.9 percent to 997 thousand while the number of employed plunged by 20 percent to 8,139 thousand. Meantime, the labor force participation rate was at 51.9 percent and the employment rate at 45.6 percent
2020-07-31

Chile Unemployment Rate
In Chile, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.