Latin America and the Caribbean Outlook – Unemployment will be up 0.2 percentage point

The unencouraging economic outlook for the current year will likely prompt a mild increase in the regional unemployment rate to 6.2% from the 6.0% registered in 2014, according to estimates released today by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO).

In a new edition of their joint publication The Employment Situation in Latin America and the Caribbean , both institutions indicate that the 1% average expansion in economic activity forecast for the region will not be enough to reverse the deceleration process that began in 2011.

Chosen excerpts by Job Market Monitor. Read the whole story at ECLAC-ILO report: Unemployment rate in Latin America and the Caribbean up 0.2 percentage point.