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Chile Unemployment Dips for Second Month Amid Job Spending Plan

  • Jobless rate fell to 12.3% in three months through September
  • Retail sales rose on short-term boost from pension withdrawals

Chile’s unemployment rate fell for the second consecutive month and retail sales soared as the government plows billions of dollars into plans to recover jobs lost during the coronavirus pandemic.

The country’s jobless rate fell to 12.3% in the three months through September, the national statistics agency reported on Friday, below the 12.8% median estimate of economists in a Bloomberg survey. Separately, retail sales surged a greater-than-forecast 9.5% from a year ago, while manufacturing and industrial production unexpectedly expanded.