Brazil & Southern Cone - February 2013 (ISSN 1741-4431)

Historic low in unemployment: On 27 February, Chile’s national statistics agency (INE) released figures which put the unemployment rate for November 2012 to January 2013 at 6.0%, the lowest figure since Piñera took office in March 2010. The rate for November 2011 to January 2012 was 6.6%. Labour Minister Evelyn Matthei said that 817,000 new jobs had been created under the Piñera government. According to Matthei, the biggest annual increases were registered in financial intermediation (14.3%); fishing (13.2%); exploitation of mines and quarries (12.6%) and education (10.0%). At the end of January, the INE reported that Chile’s average unemployment rate in 2012 was 6.4%, well down from a 7.1% average in 2011 and 8.1% in 2010.

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