Chile Unemployment Falls for Third Straight Month as Cases Ease
- Jobless rate at 9.5% in three months through June; est. 10%
- Central bank has said weak labor market challenges recovery
Photographer: Marcelo Hernandez/Getty Images
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Chile’s unemployment dropped while retail sales surged as government aid boosted consumption and coronavirus cases fell from a peak.
The jobless rate fell to 9.5% in the three months through June, below the 10% median estimate from analysts in a Bloomberg survey, the national statistics institute reported on Friday. Unemployment fell back to single digits for the first time sine April 2020. Retail sales grew 65.6% from a year ago driven by clothing and household goods, while industrial and manufacturing production grew.