Economy

Unemployment in Latin America to hit highest level in more than a decade - ILO

The ILO said in a report that Latin America and the Caribbean would end this year with an estimated 30.1 million people unemployed

Photo: REUTERS/Pilar Olivares
  • The regional unemployment rate would climb further next year to 11.2%, the U.N. body said;
  • The pandemic weighs on the regional economy.

Unemployment in Latin America and the Caribbean will hit its highest level in more than a decade this year, 10.6%, and rise further in 2021 as the coronavirus pandemic weighs on the regional economy, the International Labour Organization (ILO) said on Thursday.

READ ALSO: Latin American economy to grow again in 2021, says ECLAC

The ILO said in a report that Latin America and the Caribbean would end this year with an estimated 30.1 million people unemployed. The regional unemployment rate would climb further next year to 11.2%, the U.N. body said.

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