Unemployment rate ends at 7.3% in October
In absolute terms, this accounts for 989,227 jobless
In absolute terms, this accounts for 989,227 jobless. Last year, people out of work amounted to 1,113,631.
Last month, as many as 12,519,285 people had a job, 7,450,427 of which were employed in the formal sector whereas 5,068,858 were in the informal sector.
In a press release, INE president Elías Eljuri extolled a trend towards the consolidation of the sectors, which create most jobs and afford more stability for workers, taking into account the formal-informal labor ratio.
Translated by Conchita Delgado
The story could have been different. On April 12, 2014, university students led a march to the Attorney General Office in order to submit concrete requests in regards to security and to demand the release of a group of youngsters detained in Táchira state.