The INE revealed that in January there were more employed workers than during the same month in 2023, while unemployment stands at 8.6%.
He employment grew 1.3% year-on-year in January and stands at 58.8%, with more than 1,722,000 employed workers, according to the latest report on the labor market carried out by the National Institute of Statistics (INE).
In parallel, the rate of unemployment It stands at 8.6%, with 161 thousand unemployed workers, an increase of 0.1% compared to the same month in 2023, which reaches 80 basis points when compared to 7.8% in December.
On the other hand, the Activity rate stands at 64.3%, its highest level in the last 8 years, with an increase of 1.7% compared to January 2023. To reach such a high percentage, we must go back to March 2016, when the indicator was at 64.6%.
When investigating by region, the INE survey shows that unemployment continues to be higher in the inside, where there are 9.4% unemployed and 58.1% employed, compared to 7.3% and 59.9% in Montevideo.
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Informality increases
On the other hand, when evaluating the data regarding non-registration to the social Security for the main job, the level of informality It stood at 22.4% in January, a seasonally adjusted decrease of 0.2%, but an increase from 19.6% in January 2023.
As for people underemployed, The INE reported a total of 9.1%, a cut from 9.8% in December, but a year-on-year increase of 1.9% compared to the same month last year.
Finally, it was indicated that employed people missing They reached 27.5% last month, while the average number of effective hours worked was 24.3, less than the 27.3 in January 2023.
Source: Ambito
