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LatinNews Daily - 1 June 2020
In brief: Chile’s unemployment rate highest in a decade
* Chile’s national statistics institute (INE) has released the latest figures on unemployment, according to which the unemployment rate reached 9.0% in the quarter from February to April 2020. This is the highest that the unemployment rate has been since reaching 9.1% in March-May 2010 and marks 1.9 percentage point increase compared with the same period in 2019. INE director Sandra Quijada stressed to the local press that the February-April unemployment rate only “partly reflects the effects caused by Covid-19, which began to impact the labour market in the second half of March.”
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