Chile’s unemployment rate held steady at 9.4% in the second quarter of 2026, marking the highest level in nearly five years and signaling persistent headwinds in the labor market despite a rebound in industrial activity.
The figure represents a 0.5 percentage point increase year-on-year, underscoring the fragility of the country’s economic recovery.
1%, marking the 38th consecutive month that unemployment has remained above the 8% threshold.
The stagnation extends a prolonged period of labor market weakness.
Previous readings showed the jobless rate at 9.1%, marking the 38th consecutive month that unemployment has remained above the 8% threshold.
This persistent elevation suggests that structural challenges continue to outweigh cyclical improvements in specific sectors.
While industrial output has shown signs of recovery, the broader labor market has yet to absorb the gains.