“Two years with the lowest vacancy rate in the region! Unemployment has returned to pre-pandemic levels and has little impact on the negative international context, reaching 4.2 percent in the third quarter of 2022, down 2.1 percentage points from 2021,” stressed this portfolio in its Twitter accounts.
Official statistics show that in the third quarter of 2022, Ecuador ranked second with 5.1 percent and Paraguay third with 6.8 units out of 100.
Argentina follows with an unemployment rate of 7.1 percent, Peru and Uruguay (7.7); Chile (8.4), Brazil (8.7) and Colombia (10.8).
The Ministry of Economy and Finance commented that the global situation in this area is affecting not only growth and inflation, but above all employment and family purchasing power.
In earlier statements, Minister for Development Planning Sergio Cusicanqui stressed that the unemployment rate of 4.2 percent in Bolivia confirms the process of rebuilding the economy of the highlands.
A November 2022 report by the National Institute of Statistics showed that the occupancy rate in Bolivia reached 70.6 percent at the end of the third quarter of this year, an indicator 1.6 percentage points higher than the same period in 2021 (69 Percent).
According to this source, the employed population in the metropolitan area reached 4 million 400 thousand people, with a positive change of 4.7 percent compared to the third quarter of 2021 (4 million 202 thousand people).
According to economic sectors, 24.4 percent of the employed (one million 76 thousand people) work in the industrial sector; 14 percent (616,000 people) in manufacturing and 11.6 percent (508,000 people) mainly in accommodation and catering.
By age group, young people aged 16 to 28 represent 29 percent of the labor force, this segment is made up of 691,000 men and 584,000 women, a characteristic that runs through all age groups.
In terms of labor dynamics, in the urban area of Bolivia, of the 347,000 people not employed in the second quarter of 2022, in the third quarter 94,000 were employed in commerce (27.1 percent), 66,000 in accommodation and food (19 percent units) and 54,000 in manufacturing industry (15.4 units per 100).
This data is included in the Continuous Employment Survey corresponding to the third quarter of 2022 in the metropolitan area of Bolivia.
jha/jpm