The subsidy for unemployment faces an increase in relation to April of last year, while showing an improvement in the monthly comparison amid data that shows that unemployment in the Uruguay It climbed up to 9% during the month of March nationwide.
With a total of 40,929 under the unemployment insurance, Uruguay experienced an increase of 2.35% year-on-year during the month of April. Meanwhile, and compared to the month of March, a decrease of 4.79% could be observed.
“During April it fell again in Uruguay the number of workers in unemployment insurance and reached 40,929 people (effective and seasonally adjusted loss). In year-on-year terms there was an increase of 2.4% due to a low comparison base (Tourism Week in April 2023)”, the economist published on his social networks. Aldo Lema.
Unemployment rose to 9% in March
The unemployment rate at the country level went from 8.3% in February to 9% in March, while the employment rate fell from 58.9% to 58.4% during the same period, according to the latest Activity report. Employment and Unemployment National Institute of Statistics (INE).
In March, the rate of unemployment jumped from 7.7% to 7.9% in Montevideoand it did so from 8.7% to 9.6% in the inside from the country. In turn, the employment rate went from 59.8% to 59.7% in the capital, and from 58.3% to 57.6% in the rest of the country, with minimal variations in the activity rate.
For its part, the activity rate remained unchanged at 64.2%, covering more than 1.88 million active Uruguayans, of which more than 1.71 million are employed, and more than 168,700 cannot find work.
The INE estimates that 9.6% of employed people are underemployed, and that the failure to register for social security by the job main is around 21.9%.
Likewise, the phenomenon of absent employed people stands out, which is estimated to be 6.3% for the month of March. On the other hand, the average number of effective hours worked in the main occupation is estimated at 35.1 hours.
Source: Ambito
