2017.11.3016:07:00UTC+00COLOMBIA: Jobless Rate Drops To 8.6% In October

Colombia's unemployment rate in October fell to 8.6%, from 9.2% in September, reaching the lowest level since November 2016, said the country's statistics office.

Before seasonal adjustment, the October jobless rate in Colombia was 9.5%, down from 9.6% in the previous month.

The participation rate in October was 65.6%, an increase compared to the 64.2% recorded in September. Finally, the employment rate was at 60.0% in October, up from 58.2% in September.

Meanwhile, the national unemployment rate for the August-October 2017 quarter was 9.0%, an increase compared to the 8.6% recorded in the same quarter of the previous year.