Colombia’s unemployment rate was 9.1% in 2014, the lowest annual average for 14 years, according to the Colombian statistics agency DANE.
The unemployment figure for 2014 dropped some 0.5 percentage points from 2013, when an average unemployment rate of 9.6% was recorded, according to DANE.
DANE released the annual bulletin on Thursday in which it stressed that “the labor market has maintained such good behavior that we can highlight that measured over the past 12 months, unemployment reached 16 consecutive periods with one-digit rates.” The drop of the country’s unemployment rate was mainly caused by job growth in the housing sector, followed by transport and manufacturing.