Uruguay’s Unemployment Rate Experiences Fluctuations in January 2025

In January 2025, the unemployment rate in Uruguay fell to 8.1%, down from 8.6% the previous year, yet rebounded from a record low of 7.2%. The labor force participation rate held steady at 64.6%, while the employment rate declined slightly from 59.8% to 59.4%.

In January 2025, Uruguay’s unemployment rate decreased to 8.1%, compared to 8.6% at the same time last year. This recent figure, however, reveals a rebound from the record low of 7.2% reached in November 2024, which marked the lowest rate since December 2021.

The labor force participation rate has remained stable at 64.6%, indicating consistent engagement in the job market. Meanwhile, the employment rate saw a minor decline, dropping to 59.4% from 59.8% the previous month, suggesting a slight decrease in job availability or temporary employment fluctuations.

The labor market in Uruguay exhibits a complex picture, with an unemployment rate of 8.1% as of January 2025. While the participation rate remains steady, the slight decrease in employment suggests ongoing challenges in job availability. The recent figures illustrate the ongoing dynamics of the country’s economic landscape as it continues to recover from previous lows.

Original Source: www.tradingview.com