Uruguay’s unemployment rate fell to 8.1% in January 2025 from 8.6% in January 2024, rebounding from November’s low of 7.2%. The labor force participation rate remained at 64.6%, while employment decreased to 59.4%.
In January 2025, Uruguay’s unemployment rate decreased to 8.1%, a decline from 8.6% during the same month a year prior. This figure, however, represents a rebound from a low of 7.2% recorded in November 2024, the lowest since December 2021.
Furthermore, the labor force participation rate in Uruguay remained steady at 64.6%. Conversely, the employment rate witnessed a slight decline, falling to 59.4% from 59.8% in the preceding month of December 2024.
In conclusion, while the unemployment rate in Uruguay has improved compared to a year ago, it has increased since November 2024. The labor force participation rate has stabilized, but the decline in the employment rate indicates ongoing challenges in the job market.
Original Source: www.tradingview.com
