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Colombia Records Highest Unemployment Increase in OECD

Colombia registra mayor subida del desempleo de la OCDE, EFE

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Unemployment rose four tenths of a percentage point in September in Colombia to 11.3% of the labor force, the largest increase that month of all OECD countries, where the overall unemployment rate remained stable at 4.9%, very close to the historical minimum.

According to data published Thursday by the Organization for Economic Co-operation and Development (OECD), Colombia was the country with the third highest percentage of unemployed in September, only surpassed by Spain (12.7%, unchanged from August) and Greece (11.8%, three tenths of a percentage point lower).

The rate of 4.9% for the organization as a whole is only one tenth of a percent above the low recorded in July, the lowest level since the beginning of the historical series in 2001.

In the euro zone, unemployment fell by one tenth of a percentage point to 6.6% in September, by two tenths in the United States to 3.5% and also by two tenths in Mexico to 3.1%.

In absolute numbers, the countries with the highest number of unemployed were the United States (5.75 million), Spain (2.978 million), Colombia (2.844 million), Italy (1.98 million), Mexico (1.845 million) and Japan (1.83 million).

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