Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Colombia
COLLRUNTTTTSTSAM • 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 Unemployment Rate Total: 15 Years or over for Colombia tracks the percentage of the Colombian labor force aged 15 and above that is without a job but actively seeking work.
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
This metric provides key insights into the health and dynamics of the Colombian labor market, which is crucial for policymakers and economists analyzing economic performance and growth.
Methodology
The data is collected through household surveys conducted by the national statistics agency.
Historical Context
Monitoring this unemployment rate helps guide fiscal and monetary policies aimed at promoting employment and economic stability.
Key Facts
- Colombia's unemployment rate averaged 11.5% from 2010-2020.
- The rate peaked at 21.4% in April 2020 due to the COVID-19 pandemic.
- Youth unemployment (ages 15-24) is consistently higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of the Colombian labor force aged 15 and above that is without a job but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the unemployment rate provides key insights into the health and dynamics of the Colombian labor market, which is crucial for policymakers and economists analyzing economic performance and growth.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistics agency.
Q: How is this trend used in economic policy?
A: Tracking this unemployment rate helps guide fiscal and monetary policies aimed at promoting employment and economic stability in Colombia.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, with some potential for delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Colombia (COLLRUNTTTTSTSAM), retrieved from FRED.