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Minister Boccardo Addresses Complex Time of Unemployment, but Says It Is Not Explained by the 40 Hours or the Minimum Wage

Summary by La Tercera
The labor market does not go through its best moment and is one of the major flanks of the Chilean economy. The unemployment rate does not fall by 8% since the November-January 2022 mobile quarter and the creation of new jobs is getting more and more uphill. According to the latest report by the National Institute of Statistics (INE), the economy barely managed to create 14,500 new jobs in the March-May quarter, the lowest figure since the pande…

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The labor market does not go through its best moment and is one of the major flanks of the Chilean economy. The unemployment rate does not fall by 8% since the November-January 2022 mobile quarter and the creation of new jobs is getting more and more uphill. According to the latest report by the National Institute of Statistics (INE), the economy barely managed to create 14,500 new jobs in the March-May quarter, the lowest figure since the pande…

·Chile
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The Minister of Labor, Giorgio Boccardo, said on T13 Radio that the focus is now on generating employment "for people over 55, years old, women and young people." However, from the Central Bank and the business community, they remain on alert to the unemployment rate (8.9%), which is "at the top" and constitutes "a wake-up call."

The Minister of Labour and Social Security, Giorgio Boccardo, analyzed the current labour market landscape and the debate about the minimum wage. In conversation with T13 Radio, the Secretary of State referred to the differences with UC economist David Bravo regarding the diagnosis of employment. “As Minister of Labour, I am worried and, of course, I am not at all satisfied with the situation of the labour market that exists.” “Our point of diff…

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La Tercera broke the news in Chile on Wednesday, July 2, 2025.
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