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
Around 1.5 million Venezuelans have decided to emigrate in search of a better future for their families. The figure accounts to between 4% and 6% of the overall population. Approximately 88% of these expatriates have made up their mind to emigrate over the last 15 years.