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Colombian urban jobless surge to 10.7 percent

Thursday, November 1, 2012

Colombia’s urban jobless rate was 10.7 percent in September, the national statistics agency said.

Economists had estimated unemployment would be 10.2 percent, according to the median forecast of 18 analysts surveyed by Bloomberg.

Finance Minister Mauricio Cárdenas said a tax bill presented to Congress this month seeks to cut the number of Colombians who are out of work by reducing the cost to employers of hiring.

Source: Bloomberg