Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Colombia
COLLRHUTTTTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.85
Year-over-Year Change
-12.01%
Date Range
1/1/2007 - 5/1/2025
Summary
The Monthly Unemployment Rate Total: 15 Years or over for Colombia tracks the percentage of the Colombian labor force aged 15 and above that is unemployed. This key economic indicator provides insight into the country's labor market dynamics and helps inform policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Monthly Unemployment Rate for Colombia measures the proportion of the total labor force aged 15 and above that is without work but actively seeking employment. This statistic is a widely used gauge of the health and utilization of a country's labor resources.
Methodology
The data is collected through household surveys conducted by Colombia's national statistical agency.
Historical Context
Policymakers and economists closely monitor Colombia's unemployment rate to assess the strength of the economy and guide fiscal and monetary policies.
Key Facts
- Colombia's monthly unemployment rate averaged 11.8% in 2022.
- The unemployment rate for women is typically higher than for men in Colombia.
- The COVID-19 pandemic caused a spike in Colombia's unemployment rate in 2020.
FAQs
Q: What does this economic trend measure?
A: The Monthly Unemployment Rate Total: 15 Years or over for Colombia measures the percentage of the country's labor force aged 15 and above that is without work but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market conditions and the overall health of the Colombian economy, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Colombia's national statistical agency.
Q: How is this trend used in economic policy?
A: Colombia's unemployment rate is closely monitored by policymakers to assess the strength of the labor market and guide fiscal and monetary policies aimed at promoting economic growth and employment.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 4-6 weeks between the reference period and the publication of the statistics.
Related Trends
Consumer Price Index: All Items: Total for Colombia
COLCPALTT01IXNBM
People 15 Years and Over with Account at a Formal Financial Institution for Colombia
DDAI05COA156NWDB
General Government Revenue, interest income for Colombia
COLGGROPI
Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Colombia
COLLFUNTTTTSTSAM
Production: Manufacturing: Investment Goods: Total for Colombia
COLPRMNVG01IXOBM
Business Tendency Surveys (Manufacturing): Business Situation: Current: National Indicator for Colombia
COLBSBUCT02STM
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Colombia (COLLRHUTTTTSTSAM), retrieved from FRED.