Economics
Chile Unemployment Rises in Sign that Economy Losing Momentum
- Jobless rate rises to 7.3% in three months through January
- Top policy makers warn of impact from conflict in Ukraine
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Chile’s unemployment rate snapped a streak of nine straight declines in a sign that the nation’s recovery is slowing amid soaring inflation and aggressive interest rate hikes.
The jobless rate ticked up to 7.3% in the three months through January, above the 7.2% median estimate from analysts surveyed by Bloomberg. Retail sales gained 14.2% in the month compared to a year prior, less than the 18.5% median forecast, while industrial production contracted 1.1%, the national statistics agency reported on Monday.