Economics
Chile Unemployment Falls for Sixth Month as Economy Recovers
- Jobless rate at 8.4% in three months through Sept.; est. 8.3%
- Retail sales leap from previous year as stimulus flows
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Chile’s jobless rate fell for a sixth straight month and retail sales rose, adding to growing evidence of recovery in one of Latin America’s richest economies.
Unemployment fell 0.1 percentage points to 8.4% in the three months through September, but fell short of the 8.3% median estimate in a Bloomberg survey, the National Statistics Institute reported Friday. The labor force grew 13.3% in the month while the number of unoccupied people dropped.