Unemployment rate
In March 1999, the unemployment rate
for the seven metropolitan areas was 19.5%, 5.1 percentage points higher than the rate
registered in March of 1998 (14.4%). This is the highest unemployment rate registered
these statistics are kept in the country history. Between March 1998 and March 1999, the
number of unemployment persons for the seven main metropolitan areas grew by 363,254.
Medellín, Cali and Manizales presented the highest rates of unemployment. On the other
hand, the total participation rate for the seven major metropolitan areas registered a
moderate decrease from 62.7% in the last quarter of 1998, to 62.2% in March 1999. The
occupation rate also declined from 52.9% to 50.1% in the same period. The number of
occupied persons decreased 4.3%, a loss of 250,748 jobs between March 1998 and March 1999.
UNEMPLOYMENT
Seven Cities and its Metropolitan Areas
|
UNEMPLOYMENT
RATE %
END OF
QUARTER |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 p |
1 |
12.8 |
11.0 |
10.1 |
10.7 |
10.8 |
9.7 |
10.2 |
8.1 |
10.2 |
12.3 |
14.4 |
19.5 |
2 |
11.9 |
10.3 |
10.9 |
10.7 |
11.2 |
9.1 |
9.8 |
9.0 |
11.4 |
13.3 |
15.9 |
|
3 |
10.2 |
9.0 |
10.2 |
9.8 |
9.1 |
7.8 |
7.6 |
8.7 |
11.9 |
12.1 |
15.0 |
|
4 |
10.4 |
9.4 |
10.6 |
9.4 |
9.8 |
7.8 |
8.0 |
9.5 |
11.3 |
12.0 |
15.6 |
|
|
p: Provisional.
Source: National Administrative Department of statistics (DANE). |
