Chile’s Labor Market Defies Slowdown as Jobless Rate Falls

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  • Jobless rate reached 6.9% in the three months through August
  • Retail sales grew 0.2%, slowest pace in almost two years

Chile’s jobless rate defied analyst expectations and fell in August, while industrial and manufacturing production both rose more than expected. The economic pick-up may not be all that it seems though, economists said.

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