FX.co ★ Colombia Unemployment Falls to 8.8%

In July 2025, Colombia saw its unemployment rate decrease to 8.8%, marking a 1.1 percentage point drop from the 9.9% recorded in the previous year, which translates to 230,000 fewer individuals without jobs. The unemployment rate for women was 11.1%, whereas for men, it was 7.1%. Youth unemployment also saw a reduction, falling to 15.0% for the moving quarter spanning May to July. The labor force participation rate overall stood at 64.6%, with the employment rate increasing by 1.1 percentage points, climbing to 58.9% from 57.8% in July 2024.